Former Barcelona president tells how the team lost Ronaldo

first_imgThe Brazilian footballer spent only one season with the Spanish La Liga team before moving to Internazionale MilanRonaldo Nazario de Lima played for Spanish La Liga club Barcelona in the 1996-1997 season.While there, he scored 34 goals in 37 matches.And many fans thought he would stay for many years with the Blaugrana.But in an interview with Goal, former Barca president Joan Gaspart revealed how the Brazilian went to the Italian Lega Serie A.“Ronaldo wanted to stay at Barcelona, he was happy and his wish was to renew,” Gaspart said.“We had even typed out the contract in front of the player himself and his two agents.”Stefano Sensi, inter milanReport: Inter go top with win over Udinese George Patchias – September 14, 2019 Inter Milan are top of Serie A after beating Udinese to make it three wins out of three.Antonio Conte’s career at Inter Milan, could…“It was three in the afternoon and we justifiably decided to go out to eat and celebrate Ronaldo’s renewal, and then return to the office and sign the agreement we had reached,” he added.“That was a mistake because if we had not gone out to eat and had signed at the same time we reached the agreement, Ronaldo would have stayed at Barcelona.”“One of his agents went off for half an hour to take a phone call,” he commented.“At that time we did not pay much attention to the agent’s absence. When he came back he apologized, had some coffee and toasted before going to the office to sign the contract.”“From the first moment we got to the president [Josep] Nunez’s office, the agents began to put obstacles up, they told Ronaldo to go home and that they would call him to sign. I asked them if they did not want to sign,” Gaspart explained.“They insisted they did but what they wanted was to renegotiate almost the entire contract, increasing the financial terms. They were trying to destroy the talks.”last_img read more

Startups Can Now Buy Insurance to Protect Themselves Against Patent Trolls

first_img Register Now » Patent trolls are a huge problem in this country. Known officially as Patent Assertion Entities, they don’t actually create new products, but instead make money by amassing a collection of patents and suing accused infringers.Big corporations typically have the resources to fight them off, which explains why most patent infringement lawsuits are filed against small to medium-sized companies. When it comes down to choosing between a lengthy, expensive complicated legal battle with a patent troll and paying a licensing fee, many startups don’t have the luxury of selecting the former option. Patent trolls cost small companies about $11 billion in 2011, and despite attempts by lawmakers to reform our broken patent system, the number of lawsuits filed by patent trolls has dramatically increased in recent years.Related: Looks Like Big Tech Is Winning the Battle With Patent TrollsBut now comes news that has the potential to change the nature of the patent trolling business. RPX — a company that strategically buys patent licenses to protect its clients from infringement lawsuits – is now offering its services to small and medium-sized businesses.In other words startups, no matter how small, can now buy protection against patent trolls. Premiums for companies with less than $20 million in revenue range from $7,500 to $10,000; If a covered company gets slapped with a lawsuit from a patent troll, RPX will shoulder legal or settlement costs up to the company’s limit (which starts at $1 million but can go up to $10 million), although that’s only after it pays a retention, which RPX says starts at $25,000.   “This is a game changer because it levels the playing field for small companies by transforming a previously uninsurable threat into a manageable business risk,” John Amster, chief executive and co-founder of RPX, said in a press release. “This insurance policy for small companies now enables RPX to offer insurance for any sized company, from the smallest start-up to multi-billion dollar enterprises.”Up until this point, RPX had only offered its “patent risk solutions” to large companies (current clients include Google and Apple).Related: Yes, Patent Trolls Are Hurting Your BusinessWhile RPX’s services for small businesses aren’t negligible – it’s unfortunate that small enterprises need to worry about this in the first place — the model is intriguing: Essentially, RPX is offering its expertise in negotiating and litigating patent cases to startups. Under RPX’s protection, a small business can’t be easily bullied into paying a licensing fee just to avoid a legal mess.Jamie Balboni, a principal and intellectual-property expert at insurance brokerage Williams Gallagher Associates, told The Wall Street Journal that small tech startups are particularly vulnerable to patent troll lawsuits.However, in RPX she sees a ray of hope (for the tech sector, at least): If the company is successful, she told the outlet, patent trolls “will just move on to another industry.”Related: Entrepreneurs Want Patent Trolls Gone, But Current Legislation Is Sloppy Growing a business sometimes requires thinking outside the box. Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global 3 min read November 12, 2014 Opinions expressed by Entrepreneur contributors are their own.last_img read more

Fastly edge cloud platform files for IPO

first_imgLast week, Fastly Inc., a provider of an edge cloud platform announced that it has filed its proposed initial public offering (ipo) with the US Securities and Exchange Commission. Last year in July, in its last round of financing before a public offering,  the company raised $40 million investment. The book-running managers for the proposed offering are BofA Merrill Lynch, Citigroup, and Credit Suisse. William Blair, Raymond James, Baird, Oppenheimer & Co., Stifel, Craig-Hallum Capital Group and D.A. Davidson & Co. are co-managers for the proposed offering. Founded by Artur Bergman in 2011, Fastly is an American cloud computing services provider. Its edge cloud platform provides a content delivery network, Internet security services, load balancing, and video & streaming services. The edge cloud platform is designed from the ground up to be programmable and to support agile software development. This programmable edge cloud platform gives developers real-time visibility and control by stream logging data. So, developers are able to instantly see the impact of new code in production, troubleshoot issues as they occur, and rapidly identify suspicious traffic. Fastly boasts of catering to customers like The New York Times, Reddit, GitHub, Stripe, Ticketmaster and Pinterest. The company, in the unfinished prospectus shared how it has grown over the years, the risks of investing in the company, what are its plans for the future, and more. The company shows a steady growth in its revenue, while in December 2017 it was $104.9 million, it increased to $144.6 million, by the end of 2018. Its loss has also shown some decline from $32.5 million in December 2017 to $30.9 million in December 2018. Predicting its future market value, the prospectus says, “When incorporating these additional offerings, we estimate a total market opportunity of approximately $18.0 billion in 2019, based on expected growth from 2017, to $35.8 billion in 2022, growing with an expected CAGR of 25.6%.“ Fastly has not yet determined the number of shares to offered and the price range for the proposed offering. Currently, the company’s public filing has a placeholder amount of $100 million. However, looking at the amount of funding the company has received, TechCrunch predicts that it is more likely to get closer to $1 billion when it finally prices its shares. Fastly has two classes of authorized common stock: Class A and Class B. The rights of both the common stockholders are identical, except with respect to voting and conversion. Each Class A share is entitled to one vote per share and each Class B share is entitled to 10 votes per share. Class B shares are convertible into one shares of Class A common stock. The Class A common stock will be listed on The New York Stock Exchange under the symbol “FSLY.” To read more in detail, check out the ipo filing by Fastly. Read Next Fastly open sources Lucet, a native WebAssembly compiler and runtime Cloudflare raises $150M with Franklin Templeton leading the latest round of funding Dark Web Phishing Kits: Cheap, plentiful and ready to trick youlast_img read more