""Much of the coverage that comes out of Davos can obscure the real work that takes place during World Economic Forum week, particularly the capital and dialogue that emerges around companies solving real-world problems," she said. "The Davos Manifesto was built on the idea that businesses should act as stewards of long-term value, not just short-term profit. At Litestream Ventures, we operate at the intersection of venture, media and convening to support that long-term thinking.""
""The 12 hand-picked companies that presented engaged directly with investors, resulting in meaningful expressions of interest that align with the principles on which the World Economic Forum was founded.""
Litestream Ventures recorded $78.1 million (£61.5m) in non-binding investor pledges during World Economic Forum week in Davos after hosting its fourth annual Family Office & Venture Capital Forum. The closed-door event brought together more than 120 investors, founders, venture funds and philanthropic partners. Pledges were signalled in support of 12 companies addressing major global challenges and included backing for the charitable initiative Star for Life. The pledges were facilitated through a newly launched proprietary pledge-based signalling technology delivered via a private app used by attending investors, enabling confidential non-binding expressions of interest, split indicative pledges with peers, philanthropic indications and opportunity-sharing within trusted networks.
Read at Business Matters
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