Lior Ron to Head Uber’s Freight Business, Trump’s CEO Gang of 15, Papa John’s Misses Estimates and the 49ers Go All In on Jimmy Garoppolo

Good Wednesday Morning,

Daylight – 15 CEO’s were invited to dinner last night with President Trump and guess how many showed up? 15, including Indra Nooyi, the soon-to-be former CEO of Pepsi, along with two or three who had resigned from his council.

Live Rounds – Also in attendance was DocuSign Founder and chairman Keith Krach who we appreciate reads this report. Loren introduced us in May. Krach has sent me a couple of highly talented resumes who were on the DocuSign team at the start. By the way, CNN’s Stay-Away-From-Scorpion strategy on is not working – economy too strong.

Culture – Tesla’s stock jumped 11 percent yesterday when Scorpion II said he might take the company private, totally leveraging the fact a Saudi fund just bought two percent of the stock yesterday in a trade. It went like this – A quick tweet to squeeze all the Tesla short sellers who made the stock the most shorted stock in the history of stock markets. Fifth time – Don’t bet against Elon Musk.

By the way, although he does not have the cash flow to fund the debt burden of going public, all the coverage might find a Saudi prince to cover the ride. And of course, CNBC made out like the SEC would arrest him by midnight for the tweet. Don’t you have better things to do? Yes, you don’t hold the only microphone anymore.

By the way, Papa John’s shares drop after the pizza maker’s earnings miss estimates.

Salesforce.com names Keith Block co-CEO, alongside Marc Benioff.

M&A – Lior Ron, who sold the autonomous trucking start-up Otto to Uber two years ago, will now run Uber’s freight business.

KPS Capital Partners agreed to sell the attachments division of International Equipment Solutions, a manufacturer of engineered equipment for customers, to Stanley Black & Decker for $690 million.

Riverside Co agreed to sell its investment in Alchemy Systems, a provider of food and workplace safety training, to Intertek ITRK.

DataOnline, acquired Independent Technologies, a provider of hardware, software and services for the telecommunications, oil and gas and power industries.

ONCAP acquired Precision Global, a maker of dispensing solutions.

Webster Capital acquired JBR Clinical Research, a clinical research site manager conducting post-op pain studies on behalf of pharmaceutical companies.

Style – Google debuted a series of new features, ranging from auto-completing our emails, to predicting restaurants we’d like to eat at, to pulling up Spotify songs we might want to listen to with the touch of a button. And it’s leaked internal concepts that demonstrate its full potential as a cultural-engineering, decision-driving institution of unprecedented reach.

Meg Whitman, who joined NewTV as CEO in January, said the NewTV partnership between her and former Dreamworks head Jeffrey Katzenberg is a “perfect marriage of Hollywood and Silicon Valley.” NewTV delivers designed programming on mobile devices.  

Economics – Jimmy Garoppolo, the San Francisco 49ers’ quarterback, is the NFL’s most expensive lottery ticket. Based on just five starts worth of work last season, he’s now set to earn $137.5 million over five years. It’s the most money earned by a quarterback based on such a small sample of play. Sure, they were five good starts that led to five wins, but just how good is a matter statistical debate.

Buzzard’s Roost – Rubicon acquired two more waste brokersComputerized Waste Systems and WestRock‘s waste services division.

This is an interesting turn of events as Rubicon has long marketed itself as the “Uber for trash,” and being a waste brokerage is a label the company has resisted.

Hot – 249 – that’s how many nights one firefighter spent away from his wife to battle wildfires last year in California.

Investment Banking – Silver Lake made an investment in GoodRx, a provider of prescription and healthcare savings.

Hedge Funds – Wynnchurch Capital will acquire Logistik Unicorp, a provider of managed uniform programs to corporate and government organizations.

IPO – Intrepid Aviation, an aircraft lender, withdrew its $150 million IPO.

Venture Capital – Akouos, a biotechnology company, raised $50 million.

Salsify, an operator of a product platform that lets brands market to shoppers, raised $43 million.

Kodiak Robotics, an autonomous-vehicle startup, raised $40 million.

Care/of, a wellness brand that offers a with a personalized vitamin pack, raised $29 million.

RiskSense, a cybersecurity company, raised $12 million.

Steady, an Atlanta-based flexible on-demand work discovery platform, raised $9 million.

Spotlight – DoctorPreneur Briefing

September 21 – Starting at 1:00 p.m.

Dinner at 7:00 p.m.

September 22 – 8:30 a.m. to 12:00 p.m.

Register Here. Contact events@oxfordcenter.com for more inf0.

And that’s what’s ahead, Cliff.

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