Pittsburgh daily roundup: Astrobotic hires NASA veterans; WealthMore for smart investing; Cal Tec Labs acquired
Plus, four trends to watch in venture capital investing. WealthMore CEO and founder Mical Jeanlys-White has launched her platform to connect people with personalized advice and make the best investments possible. A study found that households using financial advisors for at least 15 years accumulated 290% more assets than those that didn't. Jeanlys' point out that those who have a wealth advisor grow two times more wealth. This is part of a trend of VC investing evolving, with Tech.ly CEO Chris Wink highlighting several trends such as geographical flexibility and diversity in founders. Cal Tec Labs Inc, a Green Tree-based calibration lab, has been acquired by Florida’s Medical Technology Associates. After a failed moon landing attempt, Astrobotic has hired four NASA veterans for its second attempt at a moon landing.
Published : 2 months ago by Atiya Irvin-Mitchell in Business Science
WealthMore CEO and founder Mical Jeanlys-White launched her platform to connect people with personalized advice to make the best investments possible. As a first-generation American, her parents lacked access to that kind of info, which she sees as a huge missed opportunity.
“The reality is those who have a wealth advisor grow two times more wealth,” Jeanlys-White said — and stats back her up: A 2016 study found that households using financial advisors for at least 15 years accumulated 290% more assets than those that didn’t.
➡️ Read more about WealthMore’s mission from my colleague Sarah here
How VC is evolving: 4 trends to watch
After rising steadily through last decade, VC investing spiked after the pandemic hit — and then fell back to earth. What does that mean for the future? Technical.ly CEO Chris Wink talked to founders at SXSW, and identified several trends.
Raising venture capital is an already difficult sales process that has gotten more difficult, for example, but entrepreneurs these days aren’t constrained by geography. and while founders are getting more diverse. they aren’t all yet growing the same.
➡️ Read the discussion, with a couple of insightful charts about VC over the years
News Incubator: What else to know today
• Cal Tec Labs Inc, a Green Tree-based calibration lab, has been acquired by Florida’s Medical Technology Associates. [Pittsburgh Business Times]
• After the lesson-filled failure of its Peregrine lander, North Side’s Astrobotic has hired four NASA veterans for its second attempt at a moon landing. [Technical.ly/Space News]
• Baltimore’s Key Bridge collapsed last night after getting hit by a cargo ship, and my colleague Sameer Rao has all the details. Local officials say it’s unlikely Pittsburgh could experience a similar event because the waterway traffic is so different. [Technical.ly/Pittsburgh Trib]
• Thanks to a collaboration between the Citizens Science Lab and YBMKQ, Penn Hills students will be granted increased access to STEM programming. [Kidsburgh]
Topics: Space, NASA