A proxy statement will be sent to all Adit EdTech Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. -Will the business make a difference by adding value for its customers, it's employees and the community it serves, as well as its shareholders? When typing in this field, a list of search results will appear and be automatically updated as you type. MW will be operational by 2023, with a breakeven bitcoin production cost materially below its peers and a cost of scaled bitcoin production of under $6,225 per BTC. Eric L Munson is CIO/Co-Founder at Adit Ventures LLC. (November 30, 2021) Griid Infrastructure LLC (together with GRIID Holdco (as defined below), GRIID or the Company), a vertically integrated, bitcoin self-mining company, and Adit EdTech Acquisition Corp. -Profitability: A clear path to profitability is essential to any investment. Mr. Lazear was Co-Head of the Capital Advisory Group's ESG working group where he worked with managers and investors on best practices with respect to ESG as well as implementing an ESG framework into the investment and operational process. -Revenue growth rate drives future valuation, so is a key element to Adit.-Margins and cash flows are vital to an enterprise's success, and drive valuation.-Scalability of business across various markets is a big factor in the valuation of any business. -Will the business make a difference by adding value for its customers, it's employees and the community it serves, as well as its shareholders? (Podcast), Will Smoking-Monkey JPEGsClog UpBitcoins Blockchain? The nature and timing of company exits may be changing, but we believe this creates opportunities for investors to build their portfolios of potentially market-leading companies before they go public. Adit Ventures is an investment Aanika Re being domiciled in Bermuda is the natural progression for Aanika since it was accepted into the Bermuda Monetary Authoritys innovation hub earlier this year. Operations sections of Adit EdTechs Annual Report on Form 10-K for the year ended December31, 2020, and other filings made with the SEC and that are available on the SECs website at Filmed at key heritage sites all across Hong Kong, including Tai Kwun, Tang Tsing Lok Ancestral Hall and Kowloon Walled City Park, this documentary showcases Hong Kong's multicultural history. 1345 Avenue ofthe Americas, FL 33New York, NY 10105, Video player - eric-munson-thumb - Click to play video, Car sharing startup Turo reveals revenue surge in IPO filing, Forge Global to Go Public in $2 Billion Merger with Motive Capital Corp, Car-sharing marketplace Turo confidentially files for U.S. IPO, Hong Kongs Mr. This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and No offer of securities shall be made except by means of a prospectus meeting the requirements of the Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. Mr. Block is known as an expert on macroeconomics, global markets, and alternative investments and advises a wide variety of global institutional clients and fiduciaries. The foregoing list of factors is not exhaustive. vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of energy infrastructure and bitcoin mining facilities across the United States. which may be volatile due to a variety of factors, including changes in the competitive and regulated] industries in which Adit EdTech plans to operate or GRIID operates, variations in operating performance across competitors, changes in laws and Aanika Biosciences is a Brooklyn based synthetic biology startup that uses microbes to improve food safety. Prior to joining Adit Ventures, Mr. Lazear was an Executive Director at J.P. Morgan, where he managed a team that worked with alternative funds, throughout their life cycle, providing advisory services to COOs, CFOs and General Partners specializing in due diligence, operational infrastructure, operational risk management, and policies and procedures. Adit EdTech is a publicly listed of the proposed transaction. Quantitative: -Valuation at entry is a critical discipline,. Adits acquires shares in category-leading, high-growth private companies via direct investments in primary rounds or early. Not only does Adit believe these sectors provide the best opportunity for capital appreciation, but also that they enable the firm to make a positive impact on the world by advancing innovation and improving quality of life. With the ability to tag and distinguish identical commodities and deploy preventative technologies, Aanika Re can provide coverage in areas that have been historically difficult to insure and potentially provide a cost savings on existing types of coverage. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Adit Ventures is a family-office owned investment firm with offices in California, Florida, New York, Texas, Utah and Washington D.C. An "Adit" is an entrance to a mine and serves as an anagram for the firm's services, since it provides Access, Diligence, Insight and works with Trusted partners across the United States and around the world. When typing in this field, a list of search results will appear and be automatically updated as you type. GRIID management reports that it has over 1,300 MW of power (under agreement, MOU or LOI), of which 734 The Company focuses to capitalize on long-term secular trends where we see dynamic areas of growth, as well as invests across the entire company life cycle (Seed to Pre-IPO). An "Adit" is an entrance to a mine and serves as an anagram for the firm's services, since it provides Access, Diligence, Insight and works with Trusted partners across the United States and around the world. This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed pipeline of low-cost, carbon-free power, distinctive access to next generation ASICs, and market-leading execution position them to generate attractive profitability and growth., Eric Munson, Adits founder and Managing Partner, said, GRIIDs focus on utilizing next generation computing power for more efficient clean These statements express a belief, expectation or intention and are generally accompanied by words that convey projected future These forward looking statements speak only as of the date of GRIID anticipates fiscal year 2023 revenue of $1.6billion. Adit invests for growth. Please visit www.aditventures.com for further information. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. internal and wireless security testing and assessment. CIO & Founder at Adit Ventures, LLC New York, New York, United States. NEW YORK, March 30, 2021 /PRNewswire/ -- Adit Ventures is proud to announce its latest offering, Adit Genesis I, LP led by Managing Director Jon Cholak. An "Adit" is an entrance to a mine and serves as an anagram for the firm's services, since . He added traceability is at the heart of three main catalysts: 1) climate changes, which could lead to a significant rise in food safety issues 2) FDA rules on traceability which are coming into effect within 24 months and 3) ESG compliance for public companies.. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. from 8 AM - 9 PM ET. as amended (the Securities Act), and Section21E of the Securities Exchange Act of 1934, as amended. CEO Trey Kelly, will continue to lead the business. Founded in 2014, Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, five offices across the US, and exits in Airbnb, DocSend, GoPro, Lemonade, Palantir, SharesPost, SoFi, Snap, and Lyft. Adit Ventures offers curated and professionally managed access to equity in private firms that the principals believe are driving today's . 86% of retail CFD accounts lose money, https://www.prnewswire.com/news-releases/adit-ventures-announces-chief-operating-officer-301339729.html, Registration on or use of this site constitutes acceptance of our. Investment set to enable rapid company expansion and deliver a revolutionary listening device to the global market in Q4 2021. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. During his career, Mr. Cholak has held various technology and investment positions at Bank of America, Deloitte Consulting, Intel, and USAA. redemptions of shares of Adit EdTech by its public stockholders and approximately $125million of debt outstanding as of the closing (which debt is drawn down under GRIIDs $525million secured credit facility with Blockchain.com). Company profile page for Adit Ventures LLC including stock price, company news, press releases, executives, board members, and contact information . "Jon's institutional top-decile performance record, combined with Adit Ventures existing top-quartile results, gives investors a choice of alternative investment options across the entire landscape" Munson added. 1345 Avenue of the Americas Fl 33, New York, New York, 10105, United States. He brings in-depth experience at Intel, management consulting experience plus a top-decile performance record to Adit's team of 8 professionals." His 35 years of experience spans alternative asset management, corporate finance, mutual funds, private equity & venture capital having built, developed & managed 18 different funds, while raising assets in excess of $20b over the past 25 . -Revenue growth rate drives future valuation, so is a key element to Adit.-Margins and cash flows are vital to an enterprise's success, and drive valuation.-Scalability of business across various markets is a big factor in the valuation of any business. Edelstein& Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. Please visit www.aditventures.com for future updates. Adit EdTech also will file other documents regarding the proposed transaction with the SEC. from 8 AM - 9 PM ET. Securities Act. Mr. Lazear has also held various operational risk due diligence and consulting positions with FQS (Family Office) and Duff & Phelps where he established the operational risk due diligence practice. Here's a list of some of the top trending technologies and APIs used by Adit Ventures. Mr. Lazear speaks at numerous global industry events on topics ranging from best practices, operational due diligence, and corporate governance. Our team has demonstrated a track record of successful execution over the past three years since starting the company, and we look forward to delivering expansion of capacity through Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 Team Adit has relationships cultivated over their 175 years of principal investing experie nce. John DAgostino, founded and leads the AIMA Digital Asset Working Group, is Chair of the of the UK Governments Department International Trades Asset Management Working Group, and is Fellow of the AIF Global Financial He will also chair the firm's Advisory Board which comprises a diverse group of experts providing thought leadership and counsel to Adit and its investors across a variety of areas and themes. Abortion Pill Lawsuit Won't Get a Fair . Readers are cautioned not to rely too heavily on the forward-looking statements contained in this press release. An "Adit" is an entrance to a mine and serves as an anagram for the firm's services, since it provides Access, Diligence, Insight and works with Trusted partners across the United States and around the world. 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