Serious Larry and Sergey con Whore Jinx out of USD$800 million of our money, dumb bitch

Why the fuck would Stomachsick invest USD$800 million for a minority share (which they do not disclose how much) in a health science startup company that is not publicly traded and majority owned by Google. does google really need their USD$800 million? What is their exit strategy? Sell the shares back to Google? I thought our Stomachsick money was for a rainy day fund, but playing venture capitalist is like gambling. If this was such a good deal, would not other more established venture capital funds be jumping on this?

Singapore investment fund Temasek will take a minority stake in Alphabet Inc.-backed biomedical company Verily Life Sciences as it ramps up its presence in the Bay Area.
The $800 million investment, disclosed Thursday, marks Alphabet's latest attempt to reduce the financial risk in its more experimental business units, such as Verily, previously known as Google Life Sciences (NASDAQ: GOOG)sanofi.


Temasek, meanwhile, is looking to step up its life sciences presence, even setting up an office in the past year in San Francisco. Its portfolio, with a net value of roughly $170 billion at the end of March 2016, covers a broad range of businesses, including financial services, transportation, telecommunications, real estate and energy.
Locally, its investments have included home-sharing company Airbnb, biofuels developer Amyris Inc., cardiac test maker CardioDx Inc. and online language education company TutorGroup.
Temasek will pay out the majority of its Verily investment "in the coming days," it said Thursday, with remainder being doled out in the second half of this year.
But the deal with Verily, which moved last year to new offices in South San Francisco, is about more than hard cash. The collaboration also opens the door for Verily's emerging but experimental products to be developed and marketed outside the United States, including China, where nearly a quarter of Temasek's investments.


"With a substantial network and insights into the economies in Asia, Temasek will provide valuable guidance as we look to ex-U.S. markets with our development partners," Verily CEO Andrew Conrad said in a prepared statement.
Verily's interests are broad, including drugs, medical devices such as its Liftware to steady Parkinson's disease patients' spoons and surgical robots in its Verb Surgical unit.
Around this time last year, Verily partnered with Johnson & Johnson (NYSE: JNJ) to create Verb. A few months later, it announced a $715 million joint venture with GlaxoSmithKline plc (NYSE: GSK) to create a bioelectronics medicine company Galvani Bioelectronics, and in September it created a $500 million joint venture with Sanofi (NYSE: SNY), called Onduo, that focuses on diabetes maintenance.

The deals — and Thursday’s investment from Temasek — helps describe the scope of Verily’s ambitions in healthcare research.

You have wonder. 15 years helming Temasek, numerous investments made over the years and not one of these that were publicly revealed actually made money. Surely an idiot would have got at least one right out of 10 attempts. And she makes a call we always end up losing our pants. And it always poor due diligence. And she has to realise that Temasek is always invited to invest not because the parties respect them as partners but they either need the money like the banks during the sub-prime crisis or they need to spread the risk.

We knew that when the eldest was given a position with google, there is always something to pay back. Why put the country to bear all this for her sons. The second one is still in Silicon Valley with no intention to return home until mummy and daddy gets him his Jurong Innovation Hub to replicate Silicon valley at a smaller scale.

And the press release clearly states the following "marks Alphabet's latest attempt to reduce the financial risk in its more experimental business units, such as Verily, previously known as Google Life Sciences". And why is a sovereign fund investing in a risk venture where the main principal has also changed taken its name out?

scroobal said:

You have wonder. 15 years helming Temasek, numerous investments made over the years and not one of these that were publicly revealed actually made money. Surely an idiot would have got at least one right out of 10 attempts. And she makes a call we always end up losing our pants. And it always poor due diligence. And she has to realise that Temasek is always invited to invest not because the parties respect them as partners but they either need the money like the banks during the sub-prime crisis or they need to spread the risk.

We knew that when the eldest was given a position with google, there is always something to pay back. Why put the country to bear all this for her sons. The second one is still in Silicon Valley with no intention to return home until mummy and daddy gets him his Jurong Innovation Hub to replicate Silicon valley at a smaller scale.

And the press release clearly states the following "marks Alphabet's latest attempt to reduce the financial risk in its more experimental business units, such as Verily, previously known as Google Life Sciences". And why is a sovereign fund investing in a risk venture where the main principal has also changed taken its name out?

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That last sentence pretty much sums it up for me. Even Google admits that Verily is an experimental business units. In fact, its so experimental that many Google execs assigned to the company want their bonus in Google stock options and not Verily stock options. Google recognizes the much higher risk in these experimental business lines that they are willing to sell $800 million to Temasek to reduce their exposure. Notice this was a private offering only made to Temasek and not to any other venture capital fund. Could it be that they are not as stupid as to sink in USD$800 million into a company that has no exit strategy for them? How does Temasek exit this investment? If someone came along and offer them $1.5 billion for their minority stake, how can they sell it? Its not a publicly traded company as far as I know. Google must have some first right of refusal or some say on who they can sell the stake too. How much dividend will they get for their shares? SO many unknowns, and this investment was not even reported in the Shit Times. I think Temasek got played big time. Google does not need $800 million. They have money. But if they can fleece some desperate idiot so easily, why not? if you were google and you wanted to reduce your financial exposure by say selling 10% of your company in a private placement, you would have hired a company to shop your 10% around to the other venture capital funds or the chinese, or someone else. Let them bid on it, and maybe end up with more then $800 million. By just giving it to Temasek, I suspect that Temasek were so stupid to overpay such an amount that Google just took the money and couldn't believe that there were such idiots in the world. If Temasek wanted to spend $800 million, why not just buy the parent company Google? $800 million will buy a nice large number of publicly traded google stock. Instead of gambling like they are doing.

dumb sinkies get what they vote for.

ACCOUNTABILITY or more accurately the lack of it

Ho jinx not dumb lah, right pocket out, a tidy sum drops under the table, private fund becomes richer, sinkies lan lan get suck

Sovereign funds do not as a matter of course invest in high risk investment of this sort. I am very sure Temasek's charter from MOF does not allow it. Either MOF and the Board gave a waiver or it was packaged without disclosing the nature of the risk. I suspect it was a deal that they had to do to get Google to commit to Jurong.

Pointless having a parliament and an EP when these sort of things are allowed.

theres a reason why they scored 4th in croynism capitalism index

scroobal said:

Sovereign funds do not as a matter of course invest in high risk investment of this sort. I am very sure Temasek's charter from MOF does not allow it. Either MOF and the Board gave a waiver or it was packaged without disclosing the nature of the risk. I suspect it was a deal that they had to do to get Google to commit to Jurong.

Pointless having a parliament and an EP when these sort of things are allowed.

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dpm tharman with google founders in sgp just a few months ago





they seem to like what dpm tharman 's sale pitch

Alphabet and ABC Learning Centres.... different but same same :p

About 5 years ago, when their eldest son was working for Google in the US, both parents met with Larry. Sheepishly they had no choice but to accept Larry's frind request on Google plus. Thats when people found that son was with Google.

CoffeeAhSoh said:

dpm tharman with google founders in sgp just a few months ago

they seem to like what dpm tharman 's sale pitch

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One would have thought after the ABC debacles, there would be psychological scars over Alphabet. Obviously hardcore. For ABC, despite their so called due diligence, the business address for ABC was in a penthouse in Queensland. And we are talking about our Sovereign Fund. When it was going under Temasek pumped in even more money.

cocobobo said:

Alphabet and ABC Learning Centres.... different but same same :p

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This is an excellent point. They are flushed with funds. If Li Ka Shing knocks on your door and tells you he wants you to be part of his new venture, surely you must ask why me?

Papsmearer said:

..........Google does not need $800 million. They have money. But if they can fleece some desperate idiot so easily, why not? if you were google and you wanted to reduce your financial exposure by say selling 10% of your company in a private placement, you would have hired a company to shop your 10% around to the other venture capital funds or the chinese, or someone else..........

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scroobal said:

One would have thought after the ABC debacles, there would be psychological scars over Alphabet. Obviously hardcore. For ABC, despite their so called due diligence, the business address for ABC was in a penthouse in Queensland. And we are talking about our Sovereign Fund. When it was going under Temasek pumped in even more money.

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Abc learning founder was just another milk man

Eddy Groves was born in Durban, South Africa to a soldier and a schoolteacher. The family returned to Canada in late 1966. A further relocation found the family on the West Coast (Victoria, British Columbia) in July 1968. Groves arrived in Australia by 1970 and settled in Queensland, Australia.[1]

He was educated at Padua College.[2]

After leaving school, he enrolled at university in a business degree, but left halfway through, eager to engage in business rather than learn about it, and got his first job as a clerk with the ANZ bank.[3] Later he became a milkman for Paul's Milk in Brisbane. Armed with a loan from his wife's father he bought a distributorship when he was nineteen years old which was the start of his business career. He expanded his milk distribution business to the point where his company Quantum Food is now the biggest distributor of milk in Queensland.[2]

In 1985, at the age of nineteen, Groves married Le Neve, with whom he has two daughters. The couple split in the late 1990s leaving his wife to care for the two children. His wife is suing her former husband for "unjustly enriching himself" while he was in control of ABC.[4] Groves left ABC with a multibillion-dollar[5] debt amidst allegations of poor financial management and related party financial dealings.

scroobal said:

You have wonder. 15 years helming Temasek, numerous investments made over the years and not one of these that were publicly revealed actually made money. Surely an idiot would have got at least one right out of 10 attempts. And she makes a call we always end up losing our pants. And it always poor due diligence. And she has to realise that Temasek is always invited to invest not because the parties respect them as partners but they either need the money like the banks during the sub-prime crisis or they need to spread the risk.

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恭喜发财 and 一本萬利
to gooku and everyone.

doesnt google know the curse of whore jinx?everything temasek touches turns to shit.....now if it was Li Ka shing making the investment instead,google and segrey brin will be popping the champagne cocks for Li is about to make it rain.

scroobal said:

About 5 years ago, when their eldest son was working for Google in the US, both parents met with Larry. Sheepishly they had no choice but to accept Larry's frind request on Google plus. Thats when people found that son was with Google.

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thank god i dont use facebook,no digital footprint of everything i ate and shit for the past ten years.as far as i am concerned to facebook,im a non entity with friends from pinoyland,vietcongland and shitskinland by closest approximation.

verily has potential but as part of a former google r&d arm (project x) before the spinoff it is beset with too much moonshit, oops sorry i mean moonshot, ambition and a shortgun approach with too many experts from diverging fields. it's trying to do too much with a diverse bunch of egoistical single authority figures running with their heads slashed and blood streaming in all directions, with the chance that one of them will hit paydirt. in other words lack of focus. what they should have done is to be laser sharp on a single or related couple of biotech need or demand, determine viability in the marketplace, and set out to get the theories and methodologies right in the first place before going shortgun with lofty promises to save the world. otherwise they are just all over the shop with contact lenses that measure glucose or other biometric levels in the wearer, surgical robotics experiments with j&j, bioelectronic medication experiments with gsk, disease detection with nanoparticles, auto feeding spoon for shaking patients, the list goes on. the right formula is how illumina goes about getting the basics right (unlike another biotech startup like theranos, the epic failure which is full of hype and doesn't follow science), proving its algorithms, science, methologies with years of tests and data, and then solving real world problems, become profitable, and finally go ipo. before verily, google life sciences tried to hire the savants and geniuses who now work for illumina and biotech startups in the san diego area. stanford is not very well known to produce the best post docs for the biotech industry, but ucsd is. the so called biotech savant-infested brain trust is heavily centered around la jolla in sd, not sf nor sj. these savants who can dream up earth-shattering and molecule-infusing algorithms and formulas in their sleep prefer to hang out among their peers in sd. getting a critical mass of biotech savants (not too many of them) to work in silicon valley is extremely challenging. verily will need to set up a satellite r&d center in sd to be able to hire the right folks and stay relevant. just browse a few of the algorithms and methologies shared on white paper by the geniuses in illumina, and you'll understand what it takes to succeed.

Verily has Irish connection and Dublin is described as the data capital of Europe.

the below are projects that Verily is embarking:


~Contact lenses that allow people with diabetes to continually check their glucose levels using a non-intrusive method.

~A spoon for people with tremors.

~The Baseline Study, a project to collect genetic and molecular information from enough people to create a picture of what a healthy human should be.

~A health-tracking wristband.

~A disease-detecting nanoparticle platform. working with the wristband, a project called Tricorder

~Advancements in surgical robotics, in partnership with Johnson & Johnson.

~Development and commercialization of bioelectronic medicines, in partnership with GlaxoSmithKline

i reckon some form of info. sharing is going on as the reason why temasek is investing in them.

u know if u pump 800 million into something,either the thing is already very profitable and generating tons of revenue or a no brainer money making scheme like a casino,or u are taking a huge gamble shot at the moon.instead of investing billions into Australian energy firms like Li ka shing,Temasek is flinging 800 million at these willy wonka projects.goes to show the folks at Temasek have too much money and nothing better to do.for google it makes sense since they are offloading financial risk on fancy pet projects that may or may not work.....much like a professional poker player selling pieces of his action or entry into a high profile tournament with a huge player pool that his odds of winning are very slim despite being miles better than the average player.

better give me some of that money instead to gamble and invest.