Celebrity Or Startup, Uta & Kleiner Perkins Adapt Old Models To A New Kind Of Client

The plague of conference-raiding stripped the Big East of Jim Boeheim and Rick Pitino , whose Syracuse and Louisville squads bolted to the ACC, just as retirement claimed Jim Calhoun , John Thompson Jr. and Lou Carnesecca before them. Video Over the past 33 years, Georgetown and Syracuse have been one of the most contentious rivalries in college basketball, but as Syracuse prepares to leave the Big East conference for the ACC and Georgetown moves to the Catholic 7 next year, former players, coaches, journalists and alumni recall the history of the rivalry. Gallery The rivalry: Georgetown vs. Syracuse: As Georgetown and Syracuse prepare to play for perhaps the last time as Big East rivals, here is a look at some of the their greatest games over the past three decades. As a result, the star wattage was decidedly down at Big East media day Wednesday. But the enthusiasm was high, with Commissioner Val Ackerman and Georgetown Coach John Thompson III , among others, extolling the muscle and must-watch games in store in the reconstituted league that consists of seven former Big East members and newcomers Butler , Creighton and Xavier . If you look around the room, the quality of coaching is outstanding, said Thompson, whose Hoyas finished 25-7 last season and were co-champions of the Big East regular season. Yes, we lost some Hall of Fame coaches, but I dont think too many teams want to go up against the guys in this room. Every game is going to be a battle. That was true last year; thats going to be true this year. Marquette Coach Buzz Williams , whose Golden Eagles were picked by the leagues coaches to win the 2013-14 regular season title, proclaimed the Big East one of the best two or three conferences in the country. Georgetown was picked second, garnering two of the 10 first-place votes. And Creighton , which boasts the leagues unanimous preseason player of the year, senior forward Doug McDermott, was picked third. Every coach is going to say they play in the best league, said Marquettes Williams, whose team reached the NCAA tournaments region finals, but if you objectively study the numbers, I think what this league has done the last five years speaks for itself.

Celebrity birthdays: 5 things you didn’t know about Zac Efron

One example of this is the celebrity multi-family office, which is designed to meet the needs and wants of highly successful entertainers and athletes. Celebrities can especially benefit from the coordinated approach, characteristic of a multi-family office, explains Richard Flynn, principal with the Rothstein Kass family office group . Of course, the staff must be expert at overseeing the integration of investment management, advanced planning, private investment banking, business strategy, and related support services. While most high-profile successes appear to have a charmed life, there is usually an intense back-story filled with frustrations and anxieties that cannot be overlooked. Even when they have achieved levels of fame and fortune long sought in our culture, most celebrities find their status has its drawbacks. Were all familiar with the stories about bankruptcy and overspending in show business, says Hannah Shaw Grove, executive editor of Private Wealth magazine and principal of the boutique consultancy HSGrove . Most entertainers and celebrities have a limited window in which they can earn consistently high incomes, so they need a strong team of professionals around them to help protect and leverage their assets into something greater. Athletes dont fare much better. Every move an athlete makes is observed, analyzed, and frequently second-guessed by coaches, managers, teammates, fans, and members of the press. Since a great number of people and organizations, such as sports federations and commercial sponsors, rely on winning athletes to generate revenue, its understandable that most athletes feel the pressure and are afraid of failure. Celebrities seeking a financial advisory relationship are increasingly attracted to the multi-family office model, which integrates select core aspects of a business managers job with a broad array of financial and legal expertise. According to Miguel Forbes , vice chairman of the Forbes Family Trust, Successful entertainers and athletes are turning to multi-family offices, who can help them navigate their financial worlds and are nimble enough to offer business strategy and support services specific to them. Celebrity multi-family offices offer a broad array of expertise, including advanced planning, which is a suite of cutting-edge services that help wealthy individuals and families structure their assets to be as tax-effective and secure as possible. According to Frank Seneco, president of Seneco & Associates , The ability of entertainers, for example, to leverage their loan-out corporations can prove extremely profitable. Advisors in multi-family offices can also offer business strategy and support, handling licensing agreements or business ventures with the celebrities names attached and helping them capitalize on their success to generate significant monies. All too often, less knowledgeable advisors will let celebrities not well versed in these areas dive into business deals with a very limited chance of success. When celebrities call on advisors to develop a business model, it means the advisors must go beyond the role of a traditional multi-family office, business manager, or management consultant, because theyre tackling the clients financial and tax issues all along the way, explains Flynn. The celebrity multi-family office offers two critical advantages to successful entertainers and athletes.

What Is A Celebrity Multi-Family Office?

Kleiner provides access to capital. A lot of what UTA does is dealmaking. You can replace that celebrity (the agency would typically represent) with a startup. Only one of the nine presenting companies had anything like an entertainment angle to it. That company, MediaHound, proposes to help consumers find (legal) access to movies, TV episodes, music, books and games, regardless of the technology platform, distributor or device involved, and make it easy for users to create and share universal playlists with friends, and to buy or sample the material, said CEO Addison McCaleb. The company already has raised more than $500,000, done test runs with several prominent film festivals and signed partner deals with 60 companies, including YouTube, Amazon Instant Video, Sonys Crackle and Hulu, McCaleb said. But even working with an entertainment-oriented startup is a relatively new initiative for UTA, never mind working with the other startups creating health-maintenance apps, gym-management tools or 3D scanning and printing hardware, acknowledged Brent Weinstein, the agencys head of digital media. This isnt a traditional business for talent agencies, he said. But we believe anybody, in any company, can benefit from sophisticated and passionate representation. UTA joined the Startup Garage program as part of a broader effort to help create tech giants that will stay in Los Angeles, a city that produces more engineers than any other in the country, thanks to Viterbi and other strong engineering programs at schools such as Caltech, UCLA and Cal Poly-Pomona, said Weinstein. But because of the general lack of big tech firms beyond whats left of the aeronautics and defense sector, most of those engineering students tend to end up in the Bay Area, working there for giants such as Google, Facebook and Apple. We are big believers in the L.A. early-stage marketplace, Weinstein said. This program gave us a chance to dig in and help some early-stage companies thrive. UTA has had previous success with startups, helping launch a big shopping site and Awesomeness TV, the online video site that sold this summer to DreamWorks for $33 million up front and an earn-out that could nearly quintuple that price. Now, both UTA and Kleiner will have an ongoing interest in the 10 firms that came through the first year of the Startup Garage, and an ongoing incentive to help them succeed, Weinstein said, though he declined to discuss terms of the arrangements. The program also represents a change for Kleiner, the bluest of blue-chip venture-capital firms but one that typically is involved in later rounds of a startups development, once it has begun generating significant revenue.

It wasn’t my voice in the movie. Even though I wanted to do it.” His vocals appear “in a select few lines” with Zac adding he “felt extremely guilty”. 3. Zac has a hidden talent Forget about that though, as Zac’s mouth has plenty of other talents. Like what? Well, blowing bubbles with his spit, of course. The actor told the Guardian about his secret flair for spittle gymnastics. He can also juggle, FYI. 4. Bear Grylls eat your heart out Thought Zac was a pretty boy who doesn’t like to get his hands dirty? Think again. He told Parade he’s a big fan of none other than Bear Grylls and wants to try out his own survival skills in a national park. He’s into filtering his own water and making fires but he draws the line at setting squirrel traps, choosing to bring his own food rather than resorting to road kill. 5. Zac got close to Tyra Banks Ever wondered which celeb Zac had a crush on when he was growing up?