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Time to Take Some Chips off the Table

Time to Take Some Chips off the Table
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Harness Wealth raises $15 million to democratize the power of family offices – TechCrunch


Harness Wealth raises $15 million to democratize the power of family offices
Family offices have existed since the 1800s, but they’ve never been so manifold as in recent years. According to a 2019 Global Family Office Report by UBS and Campden Wealth, 68% of the 360 family offices surveyed were founded in 2000 or later.
Their rise owes to numerous factors, including the tech startups that mint new centi-millionaires and billionaires each year, along with the increasingly complex choices that people with so much moolah encounter. Think household administration, legal matters, trust and estate management, personal investments, charitable ventures.
Still, family offices tend to cater to people with investable assets of $1 billion or more, according to KPMG. Even multi-family offices, where resources are shared with other families, are more typically targeting people with at least $20 million to invest. That high bar means there are still a lot of people with a lot of re ....

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Matthew Salloway on venture capital, technology startups and investing across North America, the Middle East and Japan


Leading venture capitalist Matthew Salloway is on the hunt for innovative technology startups on behalf of his family office and fund and says the 5G economy is a 15 trillion-dollar economic opportunity.
Salloway is the chief executive of GSI Ventures, a top 50 Global Family Office, with a focus on venture capital and portfolio market expansion into the Middle East and North Africa region. He is also the co-founder and managing partner of SIP Global Partners, an international performance venture fund investing in global technology companies.
The University of Pennsylvania Law School graduate was the founder and managing partner of Salloway Law Group PC, a law firm based in Manhattan, representing members of family offices, private equity firms, royal families, professional athletes, investors, celebrities, media companies, and other high-net worth individuals. He is also a movie producer and made films starring Robert De Niro, George Clooney, Ryan Gosling and Oprah Winfre ....

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