(06-15-2004) U2's Bono goes to Wall St - The Times* - U2 Feedback

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Old 06-15-2004, 09:47 AM   #1
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(06-15-2004) U2's Bono goes to Wall St - The Times*

U2's Bono goes to Wall St
By Steven Downes




Bono, the lead singer for the rock band U2, is to join Elevation Partners, a Silicon Valley venture capital fund, as a managing director to invest in media and entertainment companies.

According to reports in today's Wall Street Journal, the 44-year-old Irish rock star's participation in the venture fund will elevate its profile. The fund is likely to raise $1 billion for acquisitions and investments in the media and entertainment arena.

The venture fund has been set up by top technology investor Roger McNamee and John Riccitiello, the former president of videogame maker Electronic Arts Inc John Riccitiello. The fund also has Fred Anderson who recently retired as the finance chief of Apple Computer.

Despite U2's many hit records including the 2001 Grammy-winner "Elevation", the venture fund says that the firm's name and the link with Bono, whose real name is Paul Hewson, is coincidental. Nonetheless, the move by Bono represents something of a turnaround for the lead singer of a band that has so often espoused support for the anti-globalisation in its songs and when interviewed.

The fund declined to elaborate Bono's responsibilities in the company or its own plans.


http://business.timesonline.co.uk/ar...146382,00.html
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Old 06-15-2004, 11:48 AM   #2
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I dunno what to think of this
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Old 06-15-2004, 12:07 PM   #3
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I am with mullen girl when I say that I am not sure what to think of this either. I am on the fence with this one 50-50
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Old 06-15-2004, 12:45 PM   #4
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hmmm

Maybe they could fund me photographing the next tour!

Heh.

Sigh...
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Old 06-15-2004, 12:48 PM   #5
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Why is it only the UK ran with the story? I can't find any US papers
that mention this story.
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Old 06-15-2004, 03:21 PM   #6
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the original source is a u.s. paper--the wall street journal.
in today's print edition of the Wall Street Journal it is the lead story on the front page of the "money and investing" section.
it features a color photo of bono and the headline: Bono brings star power to Silicon Valley Fund.
Publicist Regine Moylett is quoted as confirming Bono's involvement, but declining to comment further.
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Old 06-15-2004, 11:23 PM   #7
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Quote:
Originally posted by caragriff
the original source is a u.s. paper--the wall street journal.
in today's print edition of the Wall Street Journal it is the lead story on the front page of the "money and investing" section.
it features a color photo of bono and the headline: Bono brings star power to Silicon Valley Fund.
Publicist Regine Moylett is quoted as confirming Bono's involvement, but declining to comment further.
Cool! thanks for the info
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Old 06-20-2004, 04:26 AM   #8
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Investments in entertainment would make sense for a singer would't it?
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Old 06-20-2004, 07:37 AM   #9
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I mean, maybe he can help promote some changes in the music industry...
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Old 06-21-2004, 12:52 PM   #10
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Maybe he will come to San Jose soon
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Old 06-21-2004, 03:16 PM   #11
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You think he would come here U2SJ?
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