text:
On Friday morning, two weeks after the 52 loss to Alabama, Day hopped on a Zoom with local media to preview the offseason.
The 5-foot-11-pound Robinson spent the 2016 season with Alabama…
The Bucks had entertained discussions about an extension for Brandon during his injury-shortened 1997 campaign, but as Peter Vescey of the New York Post reported in February 1999, the offer was far from Brandon's liking: First off, Brandon welcomes free agency at season's end and is counting on getting paid as much as NBA law allows.
During FOX Sports' Pac-12 Championship pregame show Friday, Bruce Feldman reported that Kiffin is a name to watch in Auburn's coaching search.
Kivon Bennett has been dismissed from our football program following a traffic stop earlier today, coach Jeremy Pruitt said in a statement.
For that to be possible, the Bucks will either have to strike gold and find a star or two in the middle of the first round again, or they'll have to at least draft serviceable young players who can be packaged for higher profile assets down the line.
That's part of the reason securing John Henson long-term is part of the Milwaukee Bucks plan.
If you would like to search for all players born on a certain day, for example all players born on December 25th in any year, choose the month and day with the drop down boxes and then choose the 'Month and Day Search' option.
Dan Mullen was left with nothing stitched adjustable snapback hats than a big visor full of heartache after Florida's 37 loss Custom Throwback Shorts home to LSU on Saturday night.
That led to another recruit dropping.
Having outlined the general shape of Milwaukee's position heading into free agency, let's now take a closer took at the Bucks' own four key free agents and how their contract situations will play out.
Yet nothing quite matches the captivating sight of a player fully dialed in and getting hot on the right night to reach that famed 50-point mark as an arena full of fans erupt seeing shot after shot.
Wearing a white jersey donning the No.
16 Virginia 98, as the Cavaliers surrendered their most points in over a decade.
The NBA trade deadline has come and gone, but teams will be allowed to trade once again after the season comes to an end.
The notoriety the people that have come through there, Deion Sanders, Charlie Ward, Jameis Winston, it speaks for itself.
According to ESPN Stats & Information, this will be Notre Dame's seventh appearance in a BCS or New Year's Six bowl game since 1998, when the BCS era began.
But that did not work…
Now, the focus will need to shift to Brogdon, and the potentially dicey case of his restricted free agency.
To find all players born within a certain month and year, for example all players born in December of 1985, choose the month and year with the drop down boxes and then choose the 'Month and Year Search' option.
That he willed Clemson to the top of college football is only part of his legacy; that the Tigers have remained there in the years since Watson's final throw illustrates the rippling impact of his three seasons on campus.
Bacon says the offer would be for a lower base salary and buyout, but would include large incentives.
Clemson's junior quarterback improved to 34 as a starter for his career.
Nix made it clear Custom Cheap Baseball T-Shirt Kelly why he wanted to move to South Bend.
Former highly-ranked recruit Jalen Johnson has left the program to prepare for the NBA Draft.
Cunningham was unable to play because of COVID-19 protocols, according to CBS announcer Tom McCarthy.
The Milwaukee Bucks, who hold the 24th overall pick, stand far away from the excitement at the top of the order, but intrigue still surrounds who could be of interest to an organization that has kept their cards close to the vest during the pre-draft process.

redpajama_set_name: RedPajamaCommonCrawl


A classic Scottish 70/- Ale, this easy-drinking beer is malt-forward with flavors of caramel, a slight toffee note, mild chocolate, and dark fruit flavors. It's smooth with a crisp finish and very low bitterness.
Earned the Riding Steady (Level 36) badge! Earned the Wee Bit of the Scotch (Level 3) badge!
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Earned the Riding Steady badge! Earned the Brewery Pioneer badge!
Malty, smooth, a bit toffee. Thank you, Andrew!


"Buddy Holly, 20 Golden Hits"
Classic Analog LP Pressing. Tracks Include: "That'll Be The Day" "Peggy Sue" "Words Of Love" "Everyday" "Not Fade Away" "Oh Boy" "Maybe Baby" "Listen To Me" "Heartbeat" "Think It Over" "It's So Easy" "Wishing" And More!
"The Rolling Stones - 6 OBI LP Collection"
"The Rolling Stones, Between The Buttons OBI (UK Tracks)"
"The Rolling Stones, High Tide Big Hits OBI"
"The Rolling Stones, Hit Makers OBI"
"The Searchers, It's The Searchers & Take Me For What I'm Worth (2 LPs in 1 CD)- MFSL Factory Sealed Gold CD"
MFSL 24K GOLD CD - THE SEARCHERS 2-CD SET- MFSL 24-KARAT GOLD LIMITED EDITION LONG OUT OF PRINT SEALED CD. The four LP's included on 2 CDs are "It's The Searchers", "Take Me For What It's Worth", "Meet The Searchers", and "Sound Like The Searchers". All four were originally released in the mid 60's on PYE Records and are MFSL Exclusives pressed directly from the original session master tapes to 24 Karat Gold CD's. The Searchers is a heavenly trip down memory lane, a reference work on the origins of Mercy Beat (Beatles, Rolling Stones, Yardbirds, etc. that famous liverpool sound that took America by storm) which started the British Invasion and a glimpse into the influence of The Searchers on Power Pop. In the early sixties, having experienced the British Invasion music first hand, I have always been partial to The Searchers music. If you are not familiar with The Searchers but a fan of British Invasion music, you will find this Collection to be the golden nugget you've been missing. The origins of The Searchers sound are loud and clear from glorious Everly Brothers vocal harmonies, Buddy Holly's Rock a Billy, with a Motown and blues influence to round out their sound. There are many cuts on this 2-CD 50-tracks 4-LP compilation that deserve standing ovations and you can see why they were one of the top British groups of the era. Many of their Top 10 hits were SWEETS FOR MY SWEET, LOVE POTION #9, TWIST & SHOUT, LET THE GOOD TIMES ROLL, NEEDLES AND PINS, DON'T THROW YOUR LOVE AWAY, EACH TIME, TAKE ME FOR WHAT I'M WORTH, I'LL BE DOGGONE, HIGH HEELED SNEAKERS, and 40 more tracks giving you the best value no only in the 24-Karat Gold CD market but in the entire audiophile industry. Track listing 1. It's In Her Kiss 2. Glad All Over 3. Sea Of Heartbreak 4. Livin' Lovin' Wreck 5. Where Have You Been 6. Shimmy Shimmy 7. Needles And Pins 8. This Empty Space 9. Gonna Send You Back To Georgia 10. I Count The Tears 11. Hi Heel Sneakers 12. Can't Help Forgiving You 13. Sho' Know A Lot About Love 14. Don't Throw Your Love Away 15. I'm Ready 16. I'll Be Doggone 17. Does She Really Care For Me 18. It's Time 19. Too Many Miles 20. You Can't Lie To A Liar 21. Don't You Know Why 22. I'm Your Loving Man 23. Each Time 24. Be My Baby 25. Four Strong Winds 26. Take Me For What I'm Worth Details Distributor: n/a Recording type: Studio Recording mode: Stereo SPAR Code: n/a Album notes 2 LPs on 1 CD: IT'S THE SEARCHERS (1964)/TAKE ME FOR WHAT I'M WORTH (1965). Track listing 1. Sweets For My Sweet 2. Alright 3. Love Potion #9 4. Farmer John 5. Stand By Me 6. Money 7. Da Doo Ron Ron 8. Ain't Gonna Kiss Ya 9. Since You Broke My Heart 10. Tricky Dicky 11. Where Have All The Flowers Gone 12. Twist And Shout 13. Everybody Come And Clap Your Hands 14. If I Could Find Someone 15. Magic Potion 16. I Don't Want To Go On Without You 17. Bumble Bee 18. Something You Got Baby 19. Let The Good Times Roll 20. Tear Fell, A 21. Till You Say You'll Be Mine 22. You Wanna Make Her Happy 23. Everything You Do 24. Goodnight Baby Details Distributor: n/a Recording type: Studio Recording mode: Mixed SPAR Code: n/a Album notes 2 LPs on 1 CD: MEET THE SEARCHERS (1963)/SOUNDS LIKE SEARCHERS (1965). The Searchers: Michael Pender, John McNally (vocals, guitar); Tony Jackson, Frank Allen (vocals, bass); Chris Curtis (vocals, drums). Contains original release liner notes by Tito Burns.


text:
The Never-Trumpers Are Never Coming Back–Patrick Buchanan
(Reprinted whole from Pat Buchanan) With never-Trump conservatives bailing on the GOP and crying out for the Party of Pelosi to save us, some painful truths need to be restated.
The Republican Party of Bush I and II, of Bob Dole and John McCain, is history. It's not coming back. Unlike the Bourbons after the Revolution and the Terror, after Napoleon and the Empire, no restoration is in the cards.
It is over. The GOP's policies of recent decades — the New World Order of George H.W. Bush, the crusades for democracy of Bush II — failed, and are seen as having failed. With Trump's capture of the party they were repudiated. There will be no turning back. What were the historic blunders?
It was not supporting tax cuts, deregulation, conservative judges and justices, or funding a defense second to none. Donald Trump has delivered on these as well as any president since Reagan. The failures that killed the Bush party, and that represented departures from Reaganite traditionalism and conservatism, are:
First, the hubristic drive, despite the warnings of statesmen like George Kennan, to exploit our Cold War victory and pursue a policy of permanent containment of a Russia that had lost a third of its territory and half its people. We moved NATO into Eastern Europe and the Baltic, onto her doorstep. We abrogated the ABM treaty Nixon had negotiated and moved defensive missiles into Poland. John McCain pushed to bring Ukraine and Georgia into NATO, and even to send U.S. forces to face off against Russian troops. Thus we got a second Cold War that need never have begun and that our allies seem content to let us fight alone. Europe today is not afraid of Vladimir Putin reaching the Rhine. Europe is afraid of Africa and the Middle East reaching the Danube. Let the Americans, who relish playing empire, pay for NATO.
Second, in a reflexive response to 9/11, we invaded Afghanistan and Iraq, dumped over the regime in Libya, armed rebels to overthrow Bashar Assad in Syria, and backed Saudi intervention in a Yemeni civil war, creating a humanitarian crisis in that poorest of Arab countries that is exceeded in horrors only by the Syrian civil war. Since Y2K, hundreds of thousands in the Middle East have perished, the ancient Christian community has all but ceased to exist, and the refugees now number in the millions. What are the gains for democracy from these wars, all backed enthusiastically by the Republican establishment?
Why are the people responsible for these wars still being listened to, rather than confessing their sins at second-thoughts conferences? The GOP elite also played a crucial role in throwing open U.S. markets to China and ceding transnational corporations full freedom to move factories and jobs there and ship their Chinese-made goods back here, free of charge.
Result: In three decades, the U.S. has run up $12 trillion in merchandise trade deficits — $4 trillion with China — and Beijing's revenue from the USA has more than covered China's defense budget for most of those years. Beijing swept past Italy, France, Britain, Germany and Japan to become the premier manufacturing power on earth and a geo-strategic rival. Now, from East Africa to Sri Lanka in the Indian Ocean, and from the South and East China Sea to Taiwan, Beijing's expansionist ambitions have become clear.
And where are the Republicans responsible for building up this potentially malevolent power that thieves our technology? Talking of building a Reagan-like Navy to contain the mammoth they nourished. Since the Cold War, America's elites have been exhibiting symptoms of that congenital blindness associated since Rome with declining and falling empires. While GOP grass roots have begged for measures to control our bleeding southern border, they were regularly denounced as nativists by party elites, many of whom are now backing Trump's wall.
For decades, America's elites failed to see that the transnational moment of the post-Cold War era was passing and an era of rising nationalism and tribalism was at hand. "We live in a time," said U2's Bono this week, "when institutions as vital to human progress as the United Nations are under attack." The institutions Bono referenced — the U.N., EU, NATO — all trace their roots to the 1940s and 1950s, a time that bears little resemblance to the era we have entered, an era marked by a spreading and desperate desire of peoples everywhere to preserve who and what they are.
No, Trump didn't start the fire. The world was ablaze with tribalism and was raising up authoritarians to realize nationalist ends — Xi Jinping, Putin, Narendra Modi in India, Erdogan in Turkey, Gen. el-Sissi in Egypt — before he came down that escalator. And so the elites who were in charge when the fire broke out, and who failed to respond and refused even to recognize it, and who now denounce Trump for how he is coping with it, are unlikely to be called upon again to lead this republic.
Author iamcurmudgeonPosted on July 7, 2018
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Spring has sprung, the breeze is warm, and fresh faces are appearing around MAC.
Ryan Beiswenger is the newest person to join the Campus Ministry Department. Born in Altoona, Pennsylvania, he now resides in Glasgow, Pennsylvania.
Ryan earned his Bachelor's degree in Religious Studies with a minor in Fine Arts and Philosophy from Saint Francis University.
Before Ryan accepted the position as Campus Ministry Coordinator here at Mount Aloysius College, he worked as a second grade Special Education Aide for the Altoona Area School District.
If you have attended Mass on campus recently, you may have seen Ryan playing guitar during the service. However, guitar is not the only instrument that Ryan knows how to play. Other instruments hat he knows how to play are piano, organ, drums, bass, and ukulele; just to name a few.
When asked what he was looking forward to the most about his new position as Campus Ministry Coordinator, he replied with, "I'm looking forward to the praise and worship aspect of the job." According to Ryan, he is hoping to help create Campus Ministry events and services that are more inclusive and diverse in order to make everyone, no matter what religion, feel welcome and accepted.
He also shared the story about how the how job "fell into his lap." Amy Kanich, Director of Campus Ministry, was looking for someone to play guitar for Mass on campus. Through a series of recommendations she was connected with Ryan. Ryan began playing guitar for Mass, and shortly after, he learned about the open position in Campus Ministry and applied. He got an interview and was hired for the position shortly after. He said that it was God's will for him to get this position.
If you get the chance, stop by and see Ryan in his office right next to the Hospitality Center. Make sure to tell him "hello" and welcome to campus.
Welcome to the Mount Aloysius College family, Ryan!


text:
Snooker Home
World Snooker Championship 2012: Hendry crushes Higgins
From the section Snooker
http://www.bbc.co.uk/sport/snooker/17869318
Hendry sees off Higgins at Crucible
Stephen Hendry only needed one frame to put the seal on champion John Higgins's worst World Championship defeat.
Resuming 12-4 ahead after taking seven out of eight frames in Friday's second session, the seven-time champion knocked in a 64 break to progress 13-4.
It was the 43-year-old's first ranking event win over his old practice partner since 2003, and secured his first Crucible quarter-final since 2009.
He faces fellow Scot Stephen Maguire, who sealed a 13-7 win over Joe Perry.
Hendry's Crucible record
27th appearance since 1986
A record seven titles, 5 in a row from 1992
Twice runner-up, plus three other semi-finals
Three maximum 147 breaks
Hendry, who recorded a maximum 147 against Stuart Bingham in the first round, played down his prospects of going on to win an eighth world title - 13 years after his seventh - despite the run he has enjoyed so far.
"I wouldn't say two matches is a run, but I did win my qualifier as well so maybe that's three!" he told BBC Sport. "There is a long way to go but I am still in the tournament and I am very happy. Everything is a bonus for me at the moment. I have made a maximum, I have just beaten the defending champion and I've got Maguire next, so I can't wait.
"I am one match away from possibly being in a one-table situation at the Crucible again, which is amazing for me."
Both Higgins and Hendry played superbly during their opening session, in what was their first meeting at the Crucible despite 45 appearances (Hendry 27, Higgins 18) between them.
Hendry recovered from 2-0 down to level before Higgins knocked in a 124 clearance, but Hendry won the next three - including a sublime 123 - to lead 5-3.
When they resumed on Friday evening, Higgins missed the final black in the opener, and aside from winning a close 11th frame, presented Hendry with a host of opportunities with a catalogue of missed balls.
Stephen Hendry makes clinical century against John Higgins
"It was one of the strangest sessions of snooker I have ever played in," Hendry said. "You hope to get one good chance in a frame, but I was getting five or six. I was coming to the table in shock because I couldn't believe the balls he was missing."
"It was really bad," concurred Higgins. "That second session was probably the worst I have played at the Crucible. I missed a chance to win the opening frame and from then on, it was torture."
Resuming 11-5 up on Saturday morning, world number seven Maguire saw Perry take the first two frames to reduce his deficit to four.
But Maguire, a Crucible semi-finalist in 2007, won the next before a break of 79 confirmed his place in a fourth World Championship quarter-final in six years, which will take place on Tuesday and Wednesday, 1/2 May.
The Scot led 5-3 after a high-quality first session featuring three consecutive century breaks - 116 from Perry, followed by two 101s from Maguire - in the opening three frames.
As Perry faltered in the second session, Maguire started to dominate with further runs of 91, 80 and 75 putting him in command, despite a second century from Perry in the 15th.
"I think I finished the match yesterday really by winning the second session 7-1," said Maguire, who believes he will need to up his game if he is make the last four for the second time.
Maguire's Crucible record
Ninth appearance since 2004
Best - semi-finalist in 2007 (lost to Higgins)
Also reached quarter-finals in 2008 & 2009
Lost in 1st round 3 times, twice in 2nd round
"I must have stolen about six or seven frames off Joe, just like I did in the first round against Luca Brecel. That's good because it hurts the opponent, but I'm only getting in really because they're missing on 40 or 50, which isn't good enough.
"If I come up against players who are knocking in 70s or 80s, I'm not going to get any chances to clear up. I have to improve."
Welshman Ryan Day reeled off the four frames he required in quick succession to complete a 13-7 victory over Cao Yupeng.
The Chinese player, who upset Mark Allen in the first round, showed his battling qualities by taking five of the eight frames in Saturday morning's second session to trail only 9-7, having been 6-2 down at the outset.
Cao reeled off three frames in a row - featuring a superb 125 break in the 10th frame - to get to within one frame of Day at 6-5.
The former world number six, who has dropped to 35 in the rankings, responded with 112 before Cao won the longest frame of the match to make it 7-6.
Day then took the next two, aided by a run of 72, to make it 9-6 before Cao kept in touch by winning a tight final frame of the session.
But when they resumed on Saturday evening, Day kncoked in breaks of 113, 53 and 87 to progress to a quarter-final meeting with either compatriot Matthew Stevens or Barry Hawkins.
Betfred.com World Championship
Read more on Betfred.com World Championship
World Snooker
Read more on World Snooker
Official world rankings
Read more on Official world rankings
BBC Sport's Shamoon Hafez on Twitter
Read more on BBC Sport's Shamoon Hafez on Twitter
Watch: Netball World Cup - England all but through to semi-finals after win
Read more on Watch: Netball World Cup - England all but through to semi-finals after win
Tour de France stage 11 - Ewan wins first Tour stage in sprint
Read more on Tour de France stage 11 - Ewan wins first Tour stage in sprint
Robertson reaches quarter-finals
Read more on World Snooker Championship 2012: Robertson beats Gilbert
Hendry books second round place
Read more on World Snooker Championship 2012: Hendry beats Bingham
Higgins beats Liang to go through
Read more on World Snooker Championship 2012: Higgins beats Liang
World Championship scores and results
Read more on World Snooker Championship 2012: scores and results
World Championship on the BBC
Read more on World Snooker Championship 2015 on the BBC


text:
Q: Ruby please give a simple NON-thread safe example Can someone please give a concrete example demonstrating non-thread safety? (in a similar manner to a functioning version of mine below if possible)
I need an example class that demonstrates a non-thread safe operation such that I can assert on the failure, and then enforce a Mutex such that I can test that my code is then thread safe.
I have tried the following with no success, as the threads do not appear to run in parallel. Assuming the ruby += operator is not threadsafe, this test always passes when it should not:
class TestLock
  attr_reader :sequence

  def initialize
    @sequence = 0
  end

  def increment
    @sequence +=  1
  end
end

#RSpec test
it 'does not allow parallel calls to increment' do
  test_lock = TestLock.new
  threads = []
  list1 = []
  list2 = []
  start_time = Time.now + 2

  threads << Thread.new do
    loop do
      if Time.now > start_time
        5000.times { list1 << test_lock.increment }
        break
      end
    end
  end

  threads << Thread.new do
    loop do
      if Time.now > start_time
        5000.times { list2 << test_lock.increment }
        break
      end
    end
  end

  threads.each(&:join) # wait for all threads to finish
  expect(list1 & list2).to eq([])
end

A: Here is an example which instead of find a race condition with addition, concatenation, or something like that, uses a blocking file write.
To summarize the parts:

*

*file_write method performs a blocking write for 2 seconds.

*file_read reads the file and assigns it to a global variable to be referenced elsewhere.

*NonThreadsafe#test calls these methods in succession, in their own threads, without a mutex. sleep 0.2 is inserted between the calls to ensure that the blocking file write has begun by the time the read is attempted. join is called on the second thread, so we be sure it's set the read value to a global variable. It returns the read-value from the global variable.

*Threadsafe#test does the same thing, but wraps each method call in a mutex.

Here it is:
module FileMethods
  def file_write(text)
    File.open("asd", "w") do |f|
      f.write text
      sleep 2
    end
  end
  def file_read
    $read_val = File.read "asd"
  end
end

class NonThreadsafe
  include FileMethods
  def test
    `rm asd`
    `touch asd`
    Thread.new { file_write("hello") }
    sleep 0.2
    Thread.new { file_read }.join
    $read_val
  end
end

class Threadsafe
  include FileMethods
  def test
    `rm asd`
    `touch asd`
    semaphore = Mutex.new
    Thread.new { semaphore.synchronize { file_write "hello" } }
    sleep 0.2
    Thread.new { semaphore.synchronize { file_read } }.join
    $read_val
  end
end

And tests:
expect(NonThreadsafe.new.test).to be_empty
expect(Threadsafe.new.test).to eq("hello")

As for an explanation. The reason the non-threadsafe shows the file's read val as empty is because the blocking writing operation is still happening when the read takes place. When you use synchronize the Mutex, though, the write will complete before the read. Note also that the .join in the threadsafe example takes longer than in the non-threadsafe value - that's because it's sleeping for the full duration specified in the write thread.

redpajama_set_name: RedPajamaStackExchange


text:
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Although the campaign is over, we are committed to educating our customers about the benefits of e-statements and e-bills. And, of course, we will continue to advocate for our beautiful park system!
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About York County Parks
Mission: York County Department of Parks & Recreation enhances the quality of community life acting as a steward for the environment. In this capacity, it acquires, conserves and manages park lands and offers a variety of recreational and educational opportunities.
The York County Parks system operates 11 parks with over 4,500 acres, two museums, a nature center and a historic site.
Visit their website or like them on Facebook for information about the park's programs, announcements and special events.


Development of research instruments has always been an integral part of Bose Institute's academic cultutre. All the Instruments of J. C.Bose were deigned as well as fabricated in-house. This tradition continues even tioday which makes the Workshop a crucial department of Bose Institute. Workshop plays a vital role to fulfill the stringent requirements of our Institute ranging from the fabrication of the Instruments to the maintenance of electrical installation. Presently, Bose Institute workshop consists of different branches: i) Mechanical unit ii) Carpentry section iii) Store iv) Transport v) Refrigeration Unit. vi) and finally Electrical unit (both at Main Campus and at Centenary Campus).
i) Mechanical unit – This section is actively involved in designing, development, and repair of the instruments as per the requirement of internal scientist, officers of our Institute and as per the requisitions provided by various renowned institutions of our country. The Workshop consists of a few numbers of Lathe, Shaping Machine, Drilling Machine, Grinding Machine etc.
ii) Carpentry Section- This section deals with all furniture manufacturing, repairing jobs etc., as per the requirements of Scientists, officers etc. This section also provides its valuable effort for fabrication of various scientific model, instruments etc.
iii) Store- Store maintains the materials (Civil, Electrical, Mechanical, Plumbing, Building and furniture related materials) required for various fabrication jobs, maintenance job for all seven campuses.
iv) Transport: - Workshop Office deals with the allocation of internal transports as per requirement of Scientists, internal officers, outside guests etc. Except this outside transports are being utilized as per requirement when internal transports are not affordable.
v) Electrical Unit: - This unit deals with maintenance of the electrical installations of different campuses of our Institute. This section also perform the jobs of motor winding as well as repairing and maintenance of different instruments of various departments of our Institute.
vi) Refrigeration Unit: - The refrigeration section of Workshop directly monitored by the work shop office and the unit deals with installation, maintenance, and servicing of the room air conditioners, cold room etc. with the help of outside technicians if needed.
vii) Mechanical Section:- This section is actively involved in design, development, and repair of the instruments as per the requirement of internal scientist, officers of our Institute and as per the requisitions provided by various renowned institutions of our country. The shop consists of a few nos. of Lathe, Shaping Machine, Drilling Machine, Grinding Machine, milling machine etc. In this section different types of work are carried out by using different metals like stainless steel, aluminium etc. Different types of machining , turning, drilling work including the critical & innovative works are taken care of by this section. All sorts of fabrication & sheet metal work of intricate design & innovative nature as well as allied works are carried out by this section. The section also has the potential to carry out the fabrication of different instruments by using Perspex.
Kirloskar Lathe – 3'-3" long, Hight – 10"
Kirloskar Lathe-2'-6" long, Hight – 10"
Alfread Harbert 4 Lathe Collet – 2'-0"
Shearing Machine – small – 1'-0"
Paddle Shearing Machine – 3'-0"


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Searchmate clients invest in their personal happiness because they believe in love. It's as simple and as magical as that!


text:
Pyramid Lake fish flourish in big runoff
NIXON, Nev. (AP) - In another sign of a welcome wet winter after five that failed to produce an adequate runoff, a scientist is predicting a record spawn of Pyramid Lake's endangered cui-ui fish.
More than 300,000 cui-ui had swum through Marble Dam's fish-passage facility and into the lower Truckee River by Monday in a spawn expected to attract more than 800,000 fish by the time runoff peaks sometime in May, according to Lisa Heki, fisheries program manager for the U.S. Fish and Wildlife Service in Reno.
"I've never seen these numbers this early," Heki said.
Drought conditions didn't allow a spawning run for the cui-ui last year or in 2001. There were limited spawns in 2002 and 2003. This year's spawn is expected to substantially surpass the previous record of 585,000 fish set in 1999.
"It's a very good year and it's just the start," Heki said.
Along with being numerous, the fish are larger and healthier than usual. Many are close to 2 feet in length and weigh up to 7 pounds. Some are even bigger.
"It's very exciting. It's too bad we couldn't have years like this every year," said Norman Harry, chairman of the Pyramid Lake Paiute Tribe.
Cui-ui, unique to Pyramid Lake, were declared endangered in 1967 after agricultural diversions dried up much of the fish's habitat. A spawning run as successful as this year's is important to the tribe, for which the cui-ui has special significance, Harry said.
Traditionally, members of the tribe are known as "cui-ui ticutta," or "cui-ui eaters," reflecting their ancestral food staple.
"It's important for us because there's a direct connection between the people of Pyramid Lake and the cui-ui," Harry said. "It's our identity."
The big spawn also is good news for the American white pelicans that feast upon spawning cui-uis as the fish cluster in the waters near the Marble Bluff Dam. The birds, which nest on Pyramid Lake's Anaho Island, have suffered in recent years as the drought limited successful spawning runs of the cui-ui they need for nourishment, Heki said.
"The pelicans should have a good year too," Heki said. "With the drought, it's been hard on their success as well."
Information from: Reno Gazette-Journal


text:
 In this episode, we have another special guest as we continue our series of inviting over venture capitalists on the show to document the increasing global interest in Southeast Asia. Sanjay Zimmermann, Principal at White Star Capital, comes on the show to share his insights on Southeast Asia having co-led the firm's expansion into […]
Functions Podcasts Season 3 Venture Capital
By On Call with Insignia Ventures // July 27, 2021
In this episode, we have another special guest as we continue our series of inviting over venture capitalists on the show to document the increasing global interest in Southeast Asia. Sanjay Zimmermann, Principal at White Star Capital, comes on the show to share his insights on Southeast Asia having co-led the firm's expansion into APAC, learnings from business models in North America and Europe across fintech, commerce, and SaaS, and his own experiences as a career venture capitalist.
Highlights and Timestamps:
00:27 Paulo introduces Sanjay;
02:49 Sanjay introduces White Star Capital and how they decided to deploy capital into Southeast Asia; "It's been great to see just the different challenges and the different opportunities that all the companies are facing at all of these different stages. And so one day I'll be talking to a company that's much further stage, later in their process. Another day we'll be talking to seed companies."
07:15 Value-adds of a global investment firm like White Star Capital; "We work out of one fund that looks at the world as a whole. So it's a global carry. You've got the full incentive from everyone on the team, no matter where they sit in the world, to be helpful with any given portfolio company that we'll look at."
10:10 Nailing unit economics and the demographic shift for fintechs; "For the first time ever, a lot of our consumer fintech companies in the past year started acquiring close to a third of their new customers via influencers and via these new channels that are really starting to emerge."
13:12 Future of consumer ecommerce with enablers, D2C, and non-dilutive financing; "Essentially the big trend in D2C now or in consumer e-commerce startups has been around trying to find non-dilutive ways to raise money."
15:50 Future of Work through SaaS solutions; "We think a lot about the future of work as a thesis there for SaaS, and we think about solutions, specifically low-code solutions that are helping anyone become a developer or build new software and build new kinds of tools."
18:53 Uber as the Grab for North America and what the West is learning from Asia; "There really is a lot again for the world to benefit from having startups and firms and talented individuals from both sides of the world work together on these different solutions."
21:20 Thoughts on more SEA companies going global from day one; "Especially on the B2B front, in B2B software, we're seeing more and more examples coming out of Singapore that are selling globally from day one and that really are building on the best-of-breed technology and have a solution that can address a global market concern from day one."
23:23 Exit landscape in Southeast Asia: IPOs, M&As, SPACs, and secondaries; "We're also seeing a lot more secondaries happen. And that's a phenomenon that we're seeing across the industry, but there are a lot more funds, large, multi-billion dollar funds that are being set up around the world to buy out secondary stakes."
26:29 Learnings from the "Defining Entrepreneurship Around the World" project with Babson College; "Back in the day, I used to come with a notepad and a camera to get stories of entrepreneurs. Today, I'm doing the same thing…It's just that now I'm able to come with a checkbook and a bit of experience and hopefully back some of these entrepreneurs."
28:49 Rapid Fire Round; "And so really understanding oftentimes you feel like you're more of a therapist or like a mental coach, to your founders than necessarily being like a sector expert and being able to really listen. And that's why empathy is one of the key skills that is really important, when it comes to a VC founder relationship."
Sanjay Zimmerman is a Principal at White Star Capital, where he focuses on Canadian and South East Asian opportunities for the fund. Prior to joining White Star Capital in 2017, he spent a few years working in Investment Banking at Rothschild & Co in London working on cross-border M&A with the TMT team. Prior to banking, he produced a video series called 'Defining Entrepreneurship' in which he interviewed over 60 entrepreneurs across the world.
Paulo: So for this episode, we have another special guest we're continuing our series of inviting over venture capitalists on the show. Two episodes ago, we had Eric Archer from Monashees from Brazil. And in the last episode we had Rajive Keshup from global investment firm Cathay Innovation. And today we have another VC who's working at a global investment firm as well. and we're happy to have him here. I actually got to meet him last year, and we were talking about his views on Southeast Asia. And now that we've gone on this series, I thought it would be interesting to have him on…Happy to have Sanjay here! Sanjay, how are you doing?
Sanjay: Great. Thanks a lot to follow for having me on. It's a real pleasure to be on the podcast and sharing a couple more views with you here over the next hour or so.
Paulo: Awesome. And Sanjay is currently in Toronto, but he's had his eyes on Southeast Asia for a while now, actually. I rewatched the video that you did with the New York Stock Exchange. that was back in early 2020, I think. And it's funny. Cause like headline, there was a,
Sanjay: It was the end of February 2020. And so I had just actually gotten on a flight. I was in Singapore. I had spent a year living in Singapore and I had just gotten on a flight from Singapore to come back to the US to see family and stopped in New York to do the interview at Cheddar and was talking about our views. We just released our Southeast Asia report. It was when we first publicly announced the interest at White Star to invest in the region. It was such a particular moment in time where having seen kind of the COVID-19 pandemic really start to take place across Asia and coming back to the US and it was just really starting to all unfold as well across North America at that point.
Paulo: There's a sort of dissonance there. The headline there was the first documented case in the US at that time when you were doing the interview.
So now more than a year on and I just wanted to catch up with you on — since you published the report and did that interview — how your views have changed on our evolves and in Southeast Asia and what keeps you excited these days, being a venture capitalist.
Sanjay: So our story with Southeast Asia really started in 2019 or so when we started to think about deploying capital and investing into the region. In the summer of 2019, that's when I made the move as well to Singapore to really explore that topic for us at White Star and also in parallel pursue an MBA at INSEAD. It all kind of fits together. It was pre-planned for over two years or so that that would be the soft entry path into the market that I could take. Also in collaboration with a venture partner that we'd hired out of Hong Kong and another venture partner in Tokyo, we started thinking more and more about Asia as a whole, and then where we wanted to invest and where we wanted it to play in Asia. In Southeast Asia, we came to the natural conclusion that that would be a great place for White Star to start making investments.
Essentially since then, we released our report in early 2020 on the Southeast Asia landscape. The report was really a combination of work that the team put together in terms of really looking at all of the different countries that make up Southeast Asia. Often we talk about it as a region, as a whole, but there really are different countries in different pockets you really have to look at and Indonesia is a completely different animal to Vietnam, to the Philippines. And so we really tried to break down what are the key trends in each country? Who are the leading players, from an ABC standpoint, from an ecosystem standpoint.
Since then, over the past year, obviously, a lot has happened in the world. A lot has changed. But I would say our views on the market are as bullish as they've ever been. And I'd say two reasons really behind not. One as we've seen throughout the whole world, one of the very few positive outcomes of the COVID-19 pandemic is that it's really led to an acceleration in digital adoption and digital transformation. And that's played out in Southeast Asia as well, where we've seen numbers as well from the SEA Economy report where e-commerce has continued to rise, continued to grow. It's natural like they're even beating the trajectory that they had set a couple of years ago. That's one key driving factor.
The other element is I think what has been interesting is we're starting to slowly see more and more examples of liquidity events or exit events. That's always been one of the large topics in such Digitas is really what's the path to monetization or what's the path to liquidity. SPACs were an interesting topic that came out throughout 2020 in 2021. And we've seen the Grab's SPAC and also activity around several other players. I think it's interesting because it is offering a new option. Is it the right option for all companies? Definitely not. But it is offering a new path to liquidity as well. And that's great for pulling in more investors' capital.
In terms of what excites me about this role, one of the things that's great is I've been at White Star for five years now. And we have three core funds as well as a digital asset fund and across those three funds, now we've got companies ranging anywhere from seed stage to IPO stage. We had two IPOs happen earlier this year. It's been great to see just the different challenges and the different opportunities that all the companies are facing at all of these different stages. And so one day I'll be talking to a company that's much further stage, later in their process. Another day we'll be talking to seed companies. It's just giving a lot of diversity in terms of stages that we're looking at.
The other piece I think that's been great is, and this is as a generalist fund at White Star, we've been able to spend a lot of time thinking about new sectors thinking about new areas that have merged following the COVID-19 pandemic to look at. And so we're spending a lot of time learning and thinking about new topics and new areas that we could be making investments in. For example, one of the investments we made late last year was in a car subscription model out of Germany called finn.auto, which was a whole new concept of car ownership. Instead of having a lease or financing, you subscribe, you pay a flat fee and you have all the costs covered. And it's actually cheaper for the end consumer because they benefit from bulk purchasing of car fleets and bulk fleet insurance. And so all of these new business models are emerging that I have to spend a lot of time thinking about and investing into.
"It's been great to see just the different challenges and the different opportunities that all the companies are facing at all of these different stages. And so one day I'll be talking to a company that's much further stage, later in their process. Another day we'll be talking to seed companies."
Paulo: A lot of exciting things that you've talked about and we'll go through a lot of those as we go along with this conversation, and you mentioned this car subscription service. Insignia has also invested in Carro, which also launched a car subscription service as well in Singapore.
And actually, some people might argue that Southeast Asia is several years, five to seven years behind some of these more developed markets, but you're actually seeing them running in parallel with certain innovations because the learning curve is so much faster these days. And so speaking of a learning curve, you've been at White Star for five years. And White Star has had the advantage of having investments in all these different markets and the time having seen several of these startups, as you said, go from seed stage to IPO.
How does this affect your approach to investing in Southeast Asia? What is the value add that startups can get from working with a global investment firm like yourselves and for yourself as a VC, in particular, what do you bring to the table when looking at startups from the region?
Sanjay: That's a good question. So I'd say that the biggest advantage that we bring for startups in Southeast Asia is, as you touched on, really the global perspective that we can offer. I'm sitting in Toronto today. We've got teams in Montreal and New York, London, Paris, Tokyo, Hong Kong, adding up teams also in Berlin. And so we've got really individuals that are in those different parts of the world that have access to really great networks. We try to be quite local in each of the regions that we are while keeping that global mindset. And one of the things quite particular about White Star, because there are a lot of global funds out there that are also investing into Asia, is that we work out of one fund that looks at the world as a whole. So it's a global carry. You've got the full incentive from everyone on the team, no matter where they sit in the world, to be helpful with any given portfolio company that we'll look at. So that's one.
And then I think beyond that too, what's interesting is we actually have our teams covering Hong Kong, Tokyo, and we've got colleagues in New York that also cover South Korea. Having those individuals on the ground in those key APAC countries can be quite helpful as well in terms of opening doors throughout APAC.
The second element is really around the experience. As we're talking about earlier, having seen companies across different stages, having invested in over 50 companies over close to the last half-decade we've really seen a lot of different situations. And one of the things that we decided when we kind of enter a new region, Is that we're looking to back companies that are operating in sectors and industries that we understand really well. And that we've backed companies in the past in Europe or North America. So when it came to our first investment in Southeast Asia into Dahmakan in Malaysia, we had done quite a bit of work in the food space having backed Freshly in the US that is a meal kit operator with massive food production facilities spread across the US that got acquired by Nestle last year.
And having also backed Butternut Box which also has just opened and built their own food production facilities in this case for dog food that they provide on a subscription basis. We've really learnt a lot in terms of what are the skills that you need and what's the operational and execution experience that you need to build these types of facilities and can be helpful in the operation of those specific sectors.
"We work out of one fund that looks at the world as a whole. So it's a global carry. You've got the full incentive from everyone on the team, no matter where they sit in the world, to be helpful with any given portfolio company that we'll look at."
Paulo: Now that you've begun talking about specific sectors, right. And sort of how the learning scan, have this sort of like a small cyst between the different regions and in particular sectors? And one of the reasons why we are inviting venture capitalists on our show is because it's quite interesting to see how learnings from different markets can actually help founders here in the region.
So I'd just like to go through some of the sectors that you focus on, or at least that you sit on the boards of companies of. For example, like fintech, what are the learnings that you're seeing from companies that you've invested in in North America and Europe that could be useful for founders in Southeast Asia.
Sanjay: We have done a lot of consumer fintech specifically, and I think that's an area that is very relevant for Southeast Asia as well. So we backed one of the largest InsureTech players in Germany called Clark Insurance. We are also in a CreditKarma equivalent out of Canada called Borrowell. That's the largest credit score player in Canada. We're also in the North American digital loyalty player called Trop Loyalty.
And so there are just a few of a couple of examples that we've done around consumer fintech and the biggest learnings that we have is it really boils down to nailing the unit economics when it comes to these players. One of the big issues with fintech for the longest time has been that it costs a lot to acquire users. The payback is 18, 24, to 36 plus months. And that often hurts consumer fintech companies in the long run in terms of fundraising when they can't get those unit economics down to quicker paybacks and acquire customers in more efficient ways. So along the way of investing in these different startups, we've learned a lot about the different acquisition channels and marketing strategies to really lower the cost of acquisition and also different ways to cross-sell, upsell, integrate, and increase the LTV, playing on both sides of that equation.
For example, one of the observations that we've had over the last year is there has been this massive movement — we've seen it to certain extremes with the Reddit traders and the whole Robinhood movement — but there's been this phenomenon, zeitgeist timeshift last year. Millennials and Gen Z suddenly want to talk about finances. Before, influencers on YouTube or Twitter would be talking about fashion, food, and sports. Finance was not the topic that they would talk about. That's a huge role now, and we're seeing a ton of them emerge. And we're seeing this also happen across our digital asset fund where that's been a bit more prevalent. For the last couple of years, they were always quick to adopt Twitter and all these different social media platforms to create content. For the first time ever, a lot of our consumer fintech companies in the past year started acquiring close to a third of their new customers via influencers and via these new channels that are really starting to emerge. So that's a really powerful trend.
"For the first time ever, a lot of our consumer fintech companies in the past year started acquiring close to a third of their new customers via influencers and via these new channels that are really starting to emerge."
Paulo: Those are really exciting stuff. And we've also seen them in our portfolio. Ajaib in Indonesia is really attracting this whole new class of retail investors, millennials especially. Imagine being a millennial and being able to participate in the Bukapalak IPO coming up soon. So that's really just a whole new shift in the demographic adoption of fintech. Now I'd like to move on to another sector, which you guys have also done many deals on, which is e-commerce enablement: this whole D2C distribution of e-commerce.
I was wondering what are the learnings you've gotten from North America and Europe that could be applicable to Southeast Asia, and do you sort of see the same rise in D2C that we've seen in these more mature markets here in Southeast Asia?
Sanjay: Our story when e-commerce starts back to some of our first investments, back in 2014, we backed Dollar Shave Club in the US and then we backed another company called Adore Me back then as well as Freshly, which we talked about and Butternut Box in the UK. and so we initially started buying quite a few different e-commerce related place that we're going direct-to-consumer that we're doing subscription models and all of those things.
And as we were doing those investments, we started also looking at the picks and shovels and the backend enablers that were really allowing the segment to grow, which is today a trillion-dollar plus segment when you think about e-commerce. So we started investing in companies like Packhelp for packages and boxes for e-commerce companies across Europe. We invested in another business called Chord Commerce more recently that is really around the whole headless e-commerce movement. And that's helping companies across the world build their own headless e-commerce sites and manage them. We also invested in a company called Uncapped out of the UK, which is providing financing to fast-growing consumer companies. You can think about it similar to a ClearBank.
Essentially the big trend in D2C now or in consumer e-commerce startups has been around trying to find non-dilutive ways to raise money. And there is so much data now that it's being collected in so many ways that you can predict the future sales of these types of businesses that companies like on capital, providing the solutions to to offer debt and underwriting the CAC, which, when you think of these businesses, a lot of it is just spending on CAC, acquiring new customers. And if you can prove mathematically that every dollar you spend on marketing brings you $3 in new revenues, when you've got a certain margin level, so that translates to let's say $2.25 in net profit, then it's very easy as an underwriter for debt to underwrite that risk and say, "Hey, we'll keep providing debt financing because we know you'll make the money back as long as you spend it on acquiring new customers." That's a model that we're seeing.
"Essentially the big trend in D2C now or in consumer e-commerce startups has been around trying to find non-dilutive ways to raise money."
Paulo: Yeah. I mean it's really interesting that you talked about all those like different financing and subscription models that I think I'm not sure if they might be a little bit too sophisticated yet for Southeast Asia but the region is only heading in one direction. And so it's just a matter of getting in early and seeing it unfold.
Another sector that I'd also wanted to discuss with you is enterprise SaaS. This is interesting in particular for Southeast Asia because SaaS has traditionally or historically not been such a hot sector. But now we're seeing it emerge and investors became more interested, particularly because a lot of the global investors like yourselves have seen the playbook of how these companies could go global. And some of the companies out of Southeast Asia are also going global as well. We invested in one, Nimbly, that has customers around the world. What are your thoughts on that?
Sanjay: Yeah. When it comes to enterprise SaaS, we have spent a lot of time thinking about what are the segments that we want to be backing now over the next year or so with this fund. And we think a lot about the future of work as a thesis there for SaaS, and we think about solutions, specifically low-code solutions that are helping anyone become a developer or build new software, build new kinds of tools, because we're seeing two trends essentially play out.
One is that there is a global shortage of software, talent, and developer talent. There just aren't enough developers for the software that needs to be built around the world. That's where low code solutions or even edtech players that are helping create a larger generation of developers are really helpful because there's just almost an infinite amount of demand in terms of new products that want to be built. We hear it across almost all of our portfolio companies: the one area where recruiting is always difficult is around tech and engineering. We need to find ways to get more people there. So we're looking at software solutions or SaaS solutions that enable anyone in the firm or people with less tech or engineering backgrounds to build programmable solutions.
The other element that we're looking at is we're seeing automation, especially in the form of RPA or robotic process automation, play a larger and larger role in the typical modern-day white-collar office job, and that's really across sectors, whether that be an insurance firm, whether that be at just a typical P&G corporate. It is a topic that's pretty prevalent and there are just so many different tasks that can be automated with the use of different tools that we're looking to invest in SaaS players that can help with that. On a global level it's such an interesting topic, when we think about all the hours of humanity that are spent doing these mind-numbing, repetitive tasks that can be automated in some shape or form. Some people think it's going to be reductive in jobs, but I think it's going to actually unlock a lot of new creativity and new ideas and new options and all that time and then raise the quality of life of individuals across different jobs. So we're quite excited about that trend.
"We think a lot about the future of work as a thesis there for SaaS, and we think about solutions, specifically low-code solutions that are helping anyone become a developer or build new software and build new kinds of tools."
Paulo: Yeah, the future of work is really exciting. I had just had a podcast with Nimbly, the company I mentioned earlier, enterprise SaaS, with their CEO Daniel, talking about how they're changing in frontline operations. And I think it's really becoming possible these days because automation is not just an option on the table, but it's becoming the priority for a lot of these like enterprises and more traditional companies to actually think about.
So we've gone through the sectors and you sort of share like these overall trends that you're seeing globally as a global investment firm. And that could have some implications for Southeast Asia in the long term.
We've talked about the learnings that could happen cross border but I was also wondering if maybe about Southeast Asia startups learning from North American and European startups because of this time machine concept, but you also see the reverse happening and maybe you could share some examples.
Sanjay: The most striking example that struck me in the last couple of months is if you look at the Uber app today in North America, like the new revamp, it actually is a copy-paste now of Grab in terms of the super app model. Uber used to not be like that.
You used to open up Uber and it used to be, you get your location and you get driven there. Today, if you open up Uber, you see more and more all the different icons and different services. And having spent a year in Singapore when I opened it recently in the last month or two as the lockdowns have come down so I could finally leave the house and use the app again, I was thinking, "Wow, I know this model, how do I order the massage now?" That's not a feature there yet, but the super app model is definitely something that we've seen emerge.
Another topic that we're seeing emerge also across North America, especially in the last year, has been all around social commerce and live streaming shopping. These are all models that are coming from Asia that are really starting to take up demand.
But as we move hopefully past this pandemic and are able to reopen the borders and travel, there's so much to be learned from both sides. There really is a lot again for the world to benefit from having startups and firms and talented individuals from both sides of the world work together on these different solutions. Because at the end of the day, a lot of the problems that they're solving are really kind of human interaction, human interface kind of problems, and those tend to be similar. They are common problems. They tend to be similar no matter where you are in the world and having 7 billion-plus people think about those ideas, you're going to come up, really great ideas in different parts of the world. And I think now that there's past five, six years or so, as we've seen more and more activity in Southeast Asia, there's been a lot more attention and a lot more VCs and investors like us spending time really sitting between the two worlds and trying to bring those ideas, the best ideas from both sides across from one to the other.
"There really is a lot again for the world to benefit from having startups and firms and talented individuals from both sides of the world work together on these different solutions."
Paulo: I mentioned osmosis a while ago, but it's not unidirectional. It's really two ways and there's a lot to be learned from both sides. I really liked the example of Uber's becoming Grab now for North America. People were also saying a few years ago that the super app would never really come to life in your part of the world, but now it's happening. So it's really interesting to see this evolve.
And speaking of localization, apart from localization, the trajectories for billion-dollar companies in Southeast Asia has typically always been to make the "X for Southeast Asia" and localize it for the region, that playbook, or really capture Indonesia as seen with Tokopedia, Gojek, and Bukalapak. So, these have been the two mental models that have dominated the region for some time, but we're also seeing a third trajectory possibly to create billion-dollar companies. And that's going global first, which arguably, is on face value intimidating for Southeast Asia, but that it's becoming more and more possible. What are your thoughts on that one?
Sanjay: I agree. Especially on the B2B front, in B2B software, we're seeing more and more examples coming out of Singapore that are selling globally from day one and that really are building on the best-of-breed technology and have a solution that can address a global market concern from day one. And I think we're definitely going to see more and more of those in the years to come. And that's an area that we can also be very helpful in terms of seeing a company that's looking to sell into North America, into Europe, we can open a lot of doors there and are looking out for those.
That said, there still are so many opportunities to build unicorns that are focused on Indonesia itself or from such decisions. It's natural that there are a lot of low-hanging fruit opportunities that are still there to be built, that we're going to see a lot of unicorns play out. And so natural that the first kind of core to of unicorns and large sheriffs have come out of really addressing the local market opportunities, but we're going to see more and more global as well as the talent pools keep rising. And I was also, it takes an ecosystem. It takes a generation of founders to then recycle and come back and create those new companies.
"Especially on the B2B front, in B2B software, we're seeing more and more examples coming out of Singapore that are selling globally from day one and that really are building on the best-of-breed technology and have a solution that can address a global market concern from day one."
Paulo: It's pretty exciting that these previous generation of unicorns are also producing the next generation of founders, potentially of future unicorn founders as well. And just to add a note on these trajectories that you've been talking about. I was talking to Anthony from igloo company in a previous episode where they've begun focusing more on North America and Europe emphasizing that it wasn't really just going global for the sake of going global. It's really where's the product market fit and where are your customers really?
Now I wanted to shift gears and talk about exits. You talked about the exit landscape in Southeast Asia but I also wanted to put it into the context as well of the exits that you've recently had with White Star. You talked about having just recently two IPOs. So maybe you could tell us your experience, seeing these companies from seed go to IPO and then the learnings from that applied to Southeast Asia as well.
Sanjay: So we did about 40 to 50 investments. We did about 18 or so in our first fund, which is a 2014 vintage. And out of that fund or out of our first two funds, essentially we're happy or pleased to have created around $7 billion-plus businesses so far. And out of those we've had two IPOs. One happened here recently in Canada, a telemedicine company called Dialogue. We invested back in 20 17, 20 18 at the series and came to IPO earlier this year. They've seen of course tremendous growth, especially throughout the COVID-19 pandemic where suddenly you couldn't go to the doctor anymore. and their solution was running a crucial part of health infrastructure here in Canada.
We've also seen a number of our startups exit at billion-dollar plus valuations. For example, Freshly sold for US$1.5 billion to Nestle or Dollar Shave Club that sold for US$1 billion to Unilever. And that's where we also try to work and have good relationships with large multinational corporations that often can become acquirers for these startups. Those have always been the two traditional models for exit through IPO, through M&A, which we've worked here.
Now, this SPAC topic really came up in 2020, and it's really a new path to bringing a company public where you're able to share a lot more information, a lot more details on the company and have a seasoned management team from a SPAC really help bring that company public. It's been a really interesting instrument. I think the jury is still out to see how many are going to take place in Southeast Asia and how they're all going to perform.
But I think as with any other instrument, you've got a couple of really great SPAC managers that are going to do some really great outcomes and nice investments in the region. What happened in 2020 is that there were just too many all of a sudden. Towards the end of the year, there were just way too many SPACs out in the market and that's going to probably lead to some managers overbidding or making poor investments. And so you definitely will have all kinds of different performing SPACs when you think about it from an equity investor's perspective.
Now, one of the hurdles, especially for later stages of growth financing, in the region is having that clear path to exit or to monetization. We're also seeing a lot more secondaries happen. And that's a phenomenon that we're seeing across the industry, but there are a lot more funds, large, multi-billion dollar funds that are being set up around the world to buy out secondary stakes. And so that's also providing liquidity. If you think about Southeast Asia, a lot of first-time funds were started around 2010, 2011, 2012. So a lot of these funds now are approaching the 10-year mark on some of their initial investments. And so being those, those exits materialize over the next two, three years will be really kind of crucial for the health of the ecosystem, but I think we're trending the right way.
"We're also seeing a lot more secondaries happen. And that's a phenomenon that we're seeing across the industry, but there are a lot more funds, large, multi-billion dollar funds that are being set up around the world to buy out secondary stakes."
Paulo: Before we head into the rapid-fire round, I actually wanted to go a completely different direction in this last question and ask you about that video series that I mentioned earlier when I introduced you, and ask you about, you know what are the learnings from that series that you did?
I watched a couple of them and I'm pretty sure you talked to a couple of different people from each of those ecosystems and tried to learn more deeply about them. So what are the learnings from that? And I guess you've also been keeping tabs on those central cities being part of White Star. What are the changes that you've seen since then?
Sanjay: This was like a really good, exciting project that I got to work on while I was in college, where essentially I was going to different cities, different parts of the world. The title of the project was "Defining Entrepreneurship around the world." And essentially I was given the task initially to write a research project, an essay about entrepreneurs, and I thought it'd be much more interesting to do it in a video format and bring those stories of entrepreneurs. That was kind of the idea of the project and it kind of stemmed from this passion for just meeting and talking to entrepreneurs and hearing their stories. And I knew early on as a student that VC was a path that I wanted to take.
And so it's been kind of phenomenal, amazing to now fast forward, almost a decade later have come full circle, and be looking at these markets and looking at these regions like Southeast Asia again, but from the lens of an investor. And so the common joke that I have is back in the day, I used to come with a notepad and a camera to get stories of entrepreneurs. Today, I'm doing the same thing, so that hasn't changed much.
I've stuck to my passion. It's just that now I'm able to come with a checkbook and a bit of experience and hopefully back some of these entrepreneurs, but it's been a true passion of mine and I've been very grateful to had the opportunity at white star to really invest not just in North America and Europe, but really across Southeast Asia and across, I really think the next decade of growth is going to be coming from there. And when I was living there for a year, I was convinced of the potential and I've been convinced of the potential for since 2011. So it's been exciting to kind of come full circle on that, but thanks for watching those videos and bringing up a bit of the past, they're all out there, if anyone wants to see them.
"Back in the day, I used to come with a notepad and a camera to get stories of entrepreneurs. Today, I'm doing the same thing, so that hasn't changed much…It's just that now I'm able to come with a checkbook and a bit of experience and hopefully back some of these entrepreneurs."
Rapid Fire Round
What are the top 3 skills of a VC?
Sanjay: Empathy, intellectual curiosity, and being a connector.
Advice for anyone looking to break into VC in Southeast Asia?
Sanjay: I'd say do it, this is number one. Don't be shy, but basically, it's great to have a bit of experience before jumping into it. Don't jump into it right after school. But definitely jump into it after taking plenty of internships at different funds also to try it out.
We've all been students once (and always are arguably) — most memorable class you've been in?
Sanjay: Psychology 101. That's probably the most useful class that will carry true for years to come. I'd say like 50% plus of elements that we deal with on boards or on different kinds of challenging or different elements which the companies have to face are often around psychological elements in terms of dynamics with founders, dynamics with teams, dynamics of how to enter the market. And so really understanding oftentimes you feel like you're more of a therapist or like a mental coach, to your founders than necessarily being like a sector expert and being able to really listen. And that's why empathy is one of the key skills that are really important when it comes to a VC founder relationship.
"And so really understanding oftentimes you feel like you're more of a therapist or like a mental coach, to your founders than necessarily being like a sector expert and being able to really listen. And that's why empathy is one of the key skills that is really important when it comes to a VC founder relationship."
If you were a founder today, what kind of company/product would you be building?
Sanjay: Something around immigration tech, something around kind of opening borders a little bit more. I've been working in North America, Europe and Asia, and I'd love it for the world to be a little bit more open and finding ways for technology to, to facilitate. There's a company here locally based in Toronto that we've been looking at called Sherpa, that's been doing a lot around facilitating the visa application process, building white label solutions so that you can get your visa at the same time when you book your flights and not having to deal with all those complex processes.
You've gone to many cities across the world — in which city would you want to (a) be born, (b) build a company, (c) retire?
Sanjay: Yeah. So I'll be born in Germany. That's actually where I was born and the passport is super helpful to travel to a lot of countries. I'll build a company in Singapore. I think the potential for Southeast Asia is huge and I'll retire in Canada. For me, Canada will always be home. And I'll probably retire back here.
What do you do to de-stress / take care of your (mental) health?
Sanjay: I played tennis. I play a lot of tennis, and played tennis in college. I play these days with my younger sister who beats me all the time, but that's fine. I love playing with her. And it's my, it's my best de-stressor and keeps me healthy.
NA and European Companies mentioned by Sanjay in the episode:
Finn.auto: "For example, one of the investments we made late last year was in a car subscription model out of Germany called finn.auto, which was a whole new concept of car ownership. Instead of having a lease or financing, you subscribe, you pay a flat fee and you have all the costs covered. And it's actually cheaper for the end consumer because they benefit from bulk purchasing of car fleets and bulk fleet insurance."
Freshly: "We had done quite a bit of work in the food space having backed Freshly in the US that is a meal kit operator with massive food production facilities spread across the US that got acquired by Nestle last year."
Butternut Box: "And having also backed Butternut Box which also has just opened and built their own food production facilities in this case for dog food that they provide on a subscription basis."
Clark Insurance: "So we backed one of the largest InsureTech players in Germany called Clark Insurance."
Borrowell: "We are also in a CreditKarma equivalent out of Canada called Borrowell. That's the largest credit score player in Canada."
Trop Loyalty: "We're also in the North American digital loyalty player called Trop Loyalty."
Dollar Shave Club: "We backed Dollar Shave Club in the US and then we backed another company called Adore Me back then."
Adore Me: "We backed Dollar Shave Club in the US and then we backed another company called Adore Me back then."
Dialogue: "And out of those we've had two IPOs. One happened here recently in Canada, a telemedicine company called Dialogue. We invested back in 20 17, 20 18 at the series and came to IPO earlier this year. They've seen of course tremendous growth, especially throughout the COVID-19 pandemic where suddenly you couldn't go to the doctor anymore. and their solution was running a crucial part of health infrastructure here in Canada."
Sherpa: "There's a company here locally based in Toronto that we've been looking at called Sherpa, that's been doing a lot around facilitating the visa application process, building white-label solutions so that you can get your visa at the same time when you book your flights and not having to deal with all those complex processes.
http://review.insignia.vc/author/oncallwithinsignia/
Raising your first round of funding? Founder-CEOs share fundraising best practices
S03 Finale: Drivers of Indonesia's Consumer FinTech Culture, Value of the Fairness Culture, and Challenges of Remote Working Culture with Flip CEO Rafi Putra Arriyan
S03E32: Following Tech Optimism from Cupertino to Singapore, Finding Founder-Angel Fit, and Learning by Doing with Angel Investor and Go-To-Market Leader Andy Hwang
S03E31: Building finreg.sg as a knowledge platform for fintechs and fund managers and a targeted thought leadership channel for lawyers and regtechs with Intelllex CEO Chang Zi Qian
Canada commerce enterprise Europe fintech Indonesia investment IPO North America SaaS Singapore southeast asia SPAC startups tech technology United States venture capital
S03E18: Building Hyperlocal Logistics for Indonesian Social Commerce with Super VP for FinOps Garret Jeremy Koeswandi


NOTE: VASP requires a paid license. If you looking to use VASP, but your research group has not purchased a license, please do not use the cluster installations without first contacting hpc@yale.edu. Thank you for your cooperation.
In Slurm, there is big difference between --ntasks and --cpus-per-task which is explained in our Requesting Resources documentation.
For the purposes of VASP, --cpu-per-tasks should always equal NCORE (in your INCAR file). Then --ntasks should be equal to the total number of cores you want, divided by --cpu-per-tasks.
You don't need to specify —nodes unless you are trying to force the tasks on a certain number of nodes (which will likely increase you wait time with minimal speed up). But regardless, --nodes shouldn't be part of the total number of cpu calculation.
which would likely spread over 4 nodes using 10 cores each and spend less time in the queue.
On Omega, since cores are assigned as whole 8-core nodes, NCORE should always be equal to 8 and then you can just request —ntasks in multiples of 8.


Mount Pleasant, in central London, is Dickens territory: once known as the site of Coldbath Fields prison, the Fleet river and one of the biggest post sorting offices in the world. So it was on a fittingly dank night in November 2012 that the Royal Mail Group (RMG) first pitched its proposals to the local communities. Encouraged by the local councils to host a public consultation event, the RMG – via legions of well-remunerated professionals – tried to sell their ideas for this extraordinary site.
From the resulting melee it was clear who knew the area best and who didn't; and that the planning process is gamed massively in favour of developers and their consultants. The event symbolised a wider problem with the planning system. It no longer works for the people it is designed to serve – the public.
It's been a tough ride. The RMG claims to have spent £12m on its planning application, which was approved by Boris Johnson last year. While we, the Mount Pleasant Association (MPA), are a voluntary group of local residents who can barely afford tea and biscuits for meetings. Despite the noble aspirations of the last government's Localism Act, which was supposed to empower communities, we are working under absurdly unequal conditions.
Moreover, we've been subject to derision by those who were elected to defend the public interest. Johnson's infamous "bourgeois nimbies" jibe last year, highlighted the extent to which the mayor misunderstands the public mood. We want development. We want housing. We want new businesses and shops with active frontages rather than a brownfield site. But we don't want the type of developments currently sprouting up across London: empty shiny-glass investment units that on occasion get clad in brick so they can be risibly labelled "London vernacular".
So why has Mount Pleasant become such a lightning rod for discontent? It is partly the nature of the area. Exmouth Market has moved from shuttered enervation to a frenetic churn of restaurants: some good, other ill-advised. The Post Office has lost thousands of workers, and several pubs that catered to them. Clerkenwell has moved from being London's "hidden village" of tourist folklore to an area where no property stone has been left unturned.
Located between Farringdon and King's Cross, Mount Pleasant is a potential "destination" that demands a better development. This goes to the heart of why the community and MPA were so exasperated by the RMG's offering. Its proposed massive blocks face inwards and have been criticised as boring and bland, with no connection to the surrounding urban grain. These blocks speak to the buy-to-leave capital flight crowd, and a key design precedent in the RMG's plans was the bulky neighbouring Holiday Inn. Furthermore, the RMG's plans have little amenity space and planning logic. It has been rightly labelled a fortress – aggressively turning its back on the communities whose public spaces and services will pay a heavy price for its presence, should it be built.
In challenging this scheme, the MPA has always championed an open debate about the site, and we've attracted enormous support from across London and beyond. The social enterprise and research institute Create Streets has been instrumental in taking the community's ideas and turning them into a financially viable alternative scheme. This has won the backing both of the GLA, which has supported us through the Community Right to Build programme, and of serious business interests who can bid to buy the site and help deliver a genuinely community-led development.
Our alternative plan is a street-based scheme that knits this vacant site back into the complex urban fabric. The buildings are of the low- to mid-rise high-density mansion block type that offers more housing (and therefore more affordable housing) than the RMG scheme, as well as better quality public spaces. Our scheme has been independently proved to be more economically attractive to investors. What's not to like?
Mount Pleasant is just one of many developments in London that has come to symbolise all that is wrong with the current planning system. With the help of professionals, politicians and the public, the communities of south Camden and south Islington are determined to make this an example of how a development can be conducted in the public interest. Mount Pleasant is a space to watch.


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In the week since comments surfaced from D.C. Council member Trayon White Sr. suggesting that shady Jewish financiers control the weather and the federal government, White has been slammed across social media in the United States and around the world, and asked by some to resign.
He has also been invited to have a dialogue by many Jewish leaders in the city and to attend multiple Seders next week for Passover, the Jewish holiday centered on a ritual meal that reminds Jews of their biblical experience as slaves and encourages them to consider issues of oppression and freedom. White will attend a Seder next Friday, the first night of the week-long holiday. He was invited by council member Elissa Silverman (I-At Large), who is Jewish.
While rabbis and other leaders have condemned the decades-old, anti-Semitic conspiracy theory White espoused as dangerous, overall the posture of many in Jewish officialdom toward White has been one of forgiveness and welcome. This may seem like an unlikely reaction — even with White's subsequent apology — but it stems from a long and emotional history of relations between African Americans and Jews, a desire for like-minded allies in the divisive Trump era and a new generation of leaders with a different perspective on prejudice.
Interviews with Jewish spiritual and political leaders show a deep yearning and "nostalgia," as one put it, for Jewish activism during the civil rights era for racial justice, particularly in 2018, when white supremacy is publicly on the rise and racial equity gaps remain mammoth.
But White's comments have also opened a broader conversation about anti-Semitism in the District. Phil Mendelson (D), chairman of the D.C. Council, will convene a public breakfast meeting Tuesday with the council — including White — and about 20 Jewish community leaders, said Rabbi Batya Glazer, government liaison for the Jewish Community Relations Council of Greater Washington. Glazer, who worked with Mendelson to organize the meeting, said the council members' initial "clear lack of reaction" to White's comments is "disturbing." The breakfast will be held at 8:30 a.m. in the council building.
Rabbi Aaron Alexander, co-leader of Adas Israel synagogue in Northwest Washington — who reached out to White within hours of hearing about the council member's comments — said at a time when hateful speech is common in the United States, there must be a distinguishing between different types of comments. He noted that a neo-Nazi who denies the Holocaust won the congressional GOP primary in Illinois this week.
"When a blatant hateful neo-Nazi gets 20,000 votes, the Jewish community is not clamoring to sit down for a conversation, which doesn't surprise me," Alexander said. "We make a mistake when we conflate all kinds of anti-Semitism into one bundle. And then push it away and pretend there is nothing we can do but yell and scream. This city is divided in all kinds of ways. And we have work to do; let's just say between Ward 3 and Wards 7 and 8 in terms of reconnecting deep relationships. Relationships that account for the fact that we share similarities in historical narratives but our American journeys in the last generation have gone in different directions.
"We experience discrimination in different ways. The more we understand our experiences, the more likely we are to build stronger and deeper relationships," he said.
The phrase "different directions" is a shorthand for, in part, the gaps in education and economic security that have only grown between African Americans and Jews as a whole.
Religious, racial and ethnic politics and identity in the United States also have changed and become more complex in the decades since Jews were represented prominently in the civil rights era. Jews and African Americans remain among the country's most left-leaning populations, but the institutions that once kept them together — churches, synagogues and groups such as the NAACP — no longer have as much influence, and alliances are fractured across a million social media universes.
A message left for White's chief of staff and one texted to his cellphone were not answered Friday, but a couple days after his comments surfaced last week, he posted a detailed apology saying his comment stemmed from ignorance, not malice.
The controversy exploded when White (D-Ward 8) last Friday posted on Facebook that "the Rothschilds" control the climate and a snowfall that day reflected their ability to change weather to profit on the backs of the poor. A few days later, video footage surfaced showing White contending last month during a government gathering that the Rothschilds — a European business dynasty and frequent subject of anti-Semitic conspiracy theories — control the World Bank and the federal government. Council members' apparent lack of reaction to those comments on the video prompted the meeting this coming Tuesday, Glazer said.
White's comments have triggered intense debate in his ward. A rally to support him had been planned at Union Temple Baptist Church, a Southeast church that last year hosted black nationalist and Nation of Islam leader Louis Farrakhan, who made news last month with a hate speech about "powerful Jews." White had the rally canceled. On a Facebook page devoted to his ward, some said he had humiliated residents. Others said his anti-Semitic comments were simply reflecting how people feel behind closed doors.
"Why can't we question the people whom own a majority of our banks? Black people we talk about this in private all the time, but we crazy when we speak out loud. … To some it may be dumb, but don't act like we don't talk about things like this," one commenter wrote on the Great Ward 8 page.
Rabbi Shmuel Herzfeld, leader of the modern Orthodox synagogue Ohev Sholom on 16th Street NW, was among those who invited the 33-year-old council member to a Seder, a meal that usually takes place in homes or community centers during which the story of the Jewish exodus from Egypt is retold. Modern Jews often pray, study and learn about other contemporary bondages, from human trafficking and white supremacy to technology addiction.
White thanked Herzfeld and said he was already attending another Seder, the rabbi said.
Separate from the specifics of White, Jewish leaders said more important is to understand the world of misinformation that led to his comment.
Others seeking to engage with White sought to link the misinformation White passed on with that spread about other groups of people, including African Americans.
Feinspan's group endorsed White when he ran for office and works with him on issues including affordable housing and paid family leave.
Silverman, who is Jewish, issued a statement describing her colleague's Rothschild comments as "hateful and dangerous." But she said in an interview that the ignorance shown about Judaism and anti-Semitism is a call more than anything for engagement.
Yolanda Savage-Narva, executive director of a 24-year-old program that brings together black and Jewish high-schoolers for a year-long program, said younger people may have different perspectives and priorities. For example, she said none of the students with whom she works reached out to her about the White controversy. That could be, she said, because they are focused on the gun-protest march planned for Saturday. She also noted that the percentage of Jews who are of color is rising (a recent study indicated that 7 percent of Washington-area Jews are nonwhite) and they see identity issues differently.
Savage-Narva is an African American Jew.
The black and Jewish co-leaders of the Fair Budget Coalition, a Washington-area group, released a statement about White, calling for more across-the-board condemnation of prejudice. One, Stephanie Sneed, who is African American, suggested that White could be susceptible to believing false conspiracy theories because of real incidents, such as the Tuskegee, Ala., experiments, from 1932 to 1972, when the U.S. government secretly left syphilis untreated in African Americans so it could be studied.
Feinspan said the Jewish reaction was tied deeply to Passover, which begins at sundown next Friday.
An earlier version of this article incorrectly spelled the last name of the D.C. Council chair and misidentified Elissa Silverman's political affiliation.


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